Kevin Roose: One-Percent Jokes and Plutocrats in Drag: What I Saw When I Crashed a Wall Street Secret Society

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Kevin Roose: One-Percent Jokes and Plutocrats in Drag: What I Saw When I Crashed a Wall Street Secret Society

Kevin Roose: One-Percent Jokes and Plutocrats in Drag: What I Saw When I Crashed a Wall Street Secret Society

NYT-

Recently, our nation’s financial chieftains have been feeling a little unloved. Venture capitalists are comparing the persecution of the rich to the plight of Jews at Kristallnacht, Wall Street titans are saying that they’re sick of being beaten up, and this week, a billionaire investor, Wilbur Ross, proclaimed that “the 1 percent is being picked on for political reasons.”

Ross’s statement seemed particularly odd, because two years ago, I met Ross at an event that might single-handedly explain why the rest of the country still hates financial tycoons – the annual black-tie induction ceremony of a secret Wall Street fraternity called Kappa Beta Phi.

[NEW YORK TIMES]

photo: Kevin Roose NYT’s

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One Response to “Kevin Roose: One-Percent Jokes and Plutocrats in Drag: What I Saw When I Crashed a Wall Street Secret Society”

  1. scallywag says:

    One can’t help feeling a certain intrigue and similarly disgust at the ongoings and attitudes of the plutocrats in party mode. 

    One can argue that our society is riven with extreme social disparities, inequitable distribution of wealth, inequitable mobility and access to wealth as well as wonder out aloud given the obvious why we as a society have yet resisted to call into question the behavior of this set and fought for structural changes that might bring a more equitable alignment amongst our lot.

    But the irony of all this is, despite the moralizing, finger pointing, the guilt, there are many who aspire to be as rich and powerful as the plutocrats and who use their education, their talent towards those ends. Which posits the question, aren’t we all in some way being just as hypocritical and divorced from reality as we claim these people are when we aspire and still believe in the American dream of wealth and power? It isn’t just what these people do that ought to concern us, it’s the way that so many of us in the end ultimately idolize and lionize such characters and jealously wish such existences for ourselves …..

    http://scallywagandvagabond.com/2014/02/kappa-beta-phi-secret-wall-st-fraternity-appalls-spy-journalist/

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