Many of the spate of recent articles on the super-rich, such as the influential one in The Atlantic have accepted the idea that the plutocracy is meritocratic: the wealth is earned. I have my doubts, and had a look at how and where the richest of the super-rich made their money. Continue reading
Month: January 2011
Don’t trust complex climate models
My previous post did not make it clear why climate models are so similar to complex financial models, which failed so spectacularly. Continue reading