The Class Ceiling

Discussions

• Is there any way to wear a Rolex and actually look good?

  I genuinely think Rolex may have achieved the impossible: becoming a luxury brand that makes everyone look worse, while getting them to pay thousands of dollars. Which sucks, because a lot of their watches are beautiful. The Submariner is basically a perfect design, iconic for a reason. But the second that crown logo enters the equation, your entire aura changes like you equipped a cursed item.

• Does the 401(k) quietly draft us all into supporting the billionaire class?

  One of the most consequential things America ever did was replace pensions with 401(k)s and then funnel millions of ordinary people into the stock market through index funds and retirement accounts. Not because it turned most Americans into capital owners in any sense. Stock ownership is still overwhelmingly concentrated at the top 0.1%. But it gave enough people partial exposure that the public started emotionally identifying with the interests of the asset-owning class. That changed the…