Style February 2021
PROFITS OF DOOM
They are the 0.1 per cent, a socio-economic group of their own whose wealth, conspicuous consumption, egos and at times criminal behaviour have served to illuminate modern western morality. Originally published in Issue 57 of The Rake, James Medd writes that hedge-fund billionaires, see themselves as ‘alphas’, as masters of the universe, heirs to the robber barons who built America’s global dominance. With investors like these, what could possibly go wrong?