American Royalty Embraces The Tarot
Excess, including material. Feelings of entitlement about maxing pleasure. And the wealthy as royalty. Essentially those are the characteristics of Gilded Ages in America.
Episode 3 of the Hulu series "Feud: Capote vs. The Swans" embodies them as it features the lifestyles of the mid-1960s New York City royalty. That culminates in the November 28th, 1966 Black & White ball put together by author Truman Capote. The guest list designated who was of adequate value - money, talent, network, influence, power and/or more - to celebrate what Capote labeled the "American Success Story."
Of course, the tone and content of that "Feud" episode mirrors the ethos of current times - at least in the circles of "real money," along with other stuff. Being very very rich is a necessary attribute. That's billionaire level. Millionaires have become a dime a dozen. Raw genius could also get an invite.
Headlines in establishment media are analogous to being seen at the Black & White ball. Apollo (whose global profit soared 31%) co-founder Marc Rowan, like so many billionaires, operates in a rarified force field. That extends way beyond finance. Rowan triggered the scrutiny of academia. That already toppled the heads of the University of Pennsylvania and Harvard. It looks like much more will come.
And, come on, sure Leon Black, another Apollo co-founder, is disgraced. But don't kid yourself. He likely still is orbiting with the royals. Only in a lower-profile mode. Not only does he have the money. He has the good taste. His material possessions, such as the art work "The Scream," are of the kind which had been in the households of the Swans.
Now, like back then, there is plenty of opportunity around to go from any socio-economic position to a palace insider. Just like scrapper Capote had. One of his tools was his ability to "swoop in and fix it." Swan Babe Paley wanted to give him a house on pricey Long Island.
Lawyers of our time, for instance, have the same role of swooping in and fixing. Their raw compensation, the rumor goes, can be $20 million annually. (The jaw-jawing about that focused on the partners raided from Kirkland & Ellis by Paul, Weiss). In addition, grateful clients in financial services could give those lawyers access to putting their bucks in alternate investments. Often, the media showcases lawyers' mansions. Those, of course, become settings for those gee-whiz special events that contain the aura and exclusivity of what Capote knew how to put together. You bet, lawyers can become billionaires.
Management consultants, though, could be being pushed out of the kingdom. Not only is their wealth threatened by slowing business. In addition, as a niche for swooping down and fixing they are less needed. Businesses are developing the self-confidence to solve problems themselves. Factor in also the scandals. Gilded society, as we witness the plight of Ann Woodward in Episode 3, wants none of that.
Artists? Do they have a shot as in Capote's time? Their best bet for directly participating in the gilded age is through marriage. So many billionaires choose as spouses women and men with those types of talents.
Oh, the good times are rolling. Although the playing field is not level, others do benefit.
Recently I was invited to provide Tarot-reading sessions at a special event hosted by the Midwest version of coastal royalty. No question, I, like Alan Dershowitz in representing Claus von Bulow, was of the servant class. But I left with an attache case full of money, almost gangster style.
The general election could be decided by those who size up politico A or Politico B as having the values, know-how and clout to sustain the current gilded era.
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