This is true. The feeling of entitlement, that their wealth was earned, and the lack of obligation to give back to the greater good, is the biggest problem with wealth growth since the 1980s. The 19th century British aristocracy might have been horrible, but at least they thought they were supposed to be building a better world, not just feathering their own nest.

_How Much is Enough_ is a very conservative British book about this, and the idea that modern Capitalism has forgotten what the point of life might be.