Something rather frightening takes place, namely a self-fulfilling fame that's come up only in the past decade or so, that does not need to base itself in adaptive skill, or any skill for that matter. All it needs is the fuel of more celebrity, and thus more prestige, and thus more celebrity, and so on ad infinitum.
Spirit and sentiment are formed by conversation. Spirit and sentiment are ruined by conversation. … It is, then, all-important to know how to choose our society in order to form rather than ruin them; and one cannot make this choice unless one has already formed them and not ruined them. Thus a circle is formed, and those are fortunate who escape it.
When the rate of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth century and seems quite likely to do again in the twenty-first, capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies are based.
They would need to be already wise, in order to love wisdom.