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> First time in history we let the elders maintain social power via fiat wealth

Yeah? Apart from "fiat", that's been true in many places for a very long time. Why does "fiat" make it different?

Graeber & Wengrow explore this topic in more depth in Dawn of Everything

Perhaps in specific cohorts. Most working class elders throughout history receded into the background once they became too old for manual labor. They weren’t pointing at a Schwab app trying to make us believe some number computed by logic and data structure that’s difficult if not impossible to verify, is the only justification needed for them to buy up all the land.

> working class elders

Societies with working classes didn’t have working-class elders. They had old workers. Poor, old workers.

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