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Re:Why is the stock market rallying when the economy is so bad? by smegma2 on Sunday May 10, 2020 @09:09PM (#23137902)
Of all things, nepotism seems like an odd thing to single out. Do you have any numbers for this claim? It would be useful to hear e.g. what percentage of people secure positions through referrals/family members.
Re:Why is the stock market rallying when the economy is so bad? by prostoalex on Sunday May 10, 2020 @10:56PM (#23138488)
I suspect you'll get a different answer if you weigh by numbers.

But when you weigh by total wealth the Walton and Mars families skew the data in favor of nepotism. It also depends on your opinion of source of personal wealth of Ms Bezos or Ms Jobs (and anyone in similar position) - nepotism or self-made?

Re:Why is the stock market rallying when the economy is so bad? by zapita on Monday May 11, 2020 @01:33PM (#23144697)
Why do you find it odd?
Re:Why is the stock market rallying when the economy is so bad? by smegma2 on Monday May 11, 2020 @08:19PM (#23149125)
Many people make the claim that the fundamental problem of the US is wealth inequality, or no social safety net, or disdain for the poor. I believe these claims are much more common (and in my opinion could be considered more fundamental) than the claim that nepotism is the fundamental problem.
Re:Why is the stock market rallying when the economy is so bad? by Rury on Monday May 11, 2020 @08:43PM (#23149300)
Well, symptoms of problems tend to be more evident than their root cause, so commonality of claims is not a particularly good reason to rule out nepotism being a problem.

Evidence would be nice to have though.

As for me, I've had enough anecdotes to think it's plausible. Just recently we hired a new CTO at my company, and he got the job simply because he was friends with our CEO and he needed a job. Turns out he's completely incompetent...