Vilfredo Pareto has never been a well known name, outside of economics and a part of sociology. He has, however, entered popular culture due to his so called “80/20” law, a power law that is often used by conservatives to indicate that inequality is not caused by social arrangements but transcends them – is rooted, in fact, in human nature. In many ways, Pareto, who lived during a time when the classical liberal order was dissolving, prefigured neoliberalism. He advocated for two theses that have become part of neo-liberal doctrine. The first is that inequality isn’t bad, poverty is: thus, growth is the way out of poverty, and the only real economic concern of the state. The other thesis, which he called the “circulation of elites”, is that family wealth – wealth attached, as it were, to the house – does not secure a specific elite over time. In other words, social mobility is such that the rich become poor and some of the poor become rich. These two theses make up the apolog
“I’m so bored. I hate my life.” - Britney Spears
Das Langweilige ist interessant geworden, weil das Interessante angefangen hat langweilig zu werden. – Thomas Mann
"Never for money/always for love" - The Talking Heads