Cartier's $7.5bn owner says fear of poor rising up 'keeps him awake at night' (www.independent.co.uk)

submitted 2 months ago by yogthos@lemmy.ml to c/worldnews@lemmy.ml

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[-] InstructionsNotClear@midwest.social 33 points 2 months ago

Why is he worried, is he doing something bad?

[-] GorGor@startrek.website 30 points 2 months ago

According to Bloomberg, Johann Rupert told the conference to bear in mind that when the poor rise up, the middle classes won’t want to buy luxury goods for fear of exposing their wealth.

“How is society going to cope with structural unemployment and the envy, hatred and the social warfare?” he said. “We are destroying the middle classes at this stage and it will affect us. It’s unfair. So that’s what keeps me awake at night.”

... its almost comical how he thinks of this. The first thought is his businesses wont be able to sell luxury to anyone but the ultra wealthy.

[-] adarza@lemmy.ca 17 points 2 months ago* (last edited 2 months ago)

the middle classes won’t want to buy luxury goods

this is the part that keeps the asswipe awake at night. poor guy.

[-] GreenPlasticSushiGrass@moist.catsweat.com 12 points 2 months ago

As well it should.

[-] davel@lemmy.ml 11 points 2 months ago


	We have no compassion and we ask no compassion from you. When our turn comes, we shall not make excuses for the terror. But the royal terrorists, the terrorists by the grace of God and the law, are in practice brutal, disdainful, and mean, in theory cowardly, secretive, and deceitful, and in both respects disreputable.