Of all the world’s billionaires, with the exception of those from China, it’s the French who have just enjoyed their most lucrative decade trib.al/VDVsgAM
LVMH boss Bernard Armault and his ilk saw their wealth balloon 439% to $443 billion between 2009 and mid-2020, fueled by Asian hunger for French luxury goods and a global real estate boom trib.al/VDVsgAM
Here’s how those billionaires stack up globally:

🇨🇳China: 1,100% increase in wealth
🇫🇷France: 439%
🇨🇦Canada: 238%
🇺🇸U.S.: 170%
🇮🇳India: 90% trib.al/VDVsgAM
While the pandemic looks like the start of a much dimmer decade, the rich won’t let this crisis go to waste.

@LionelRALaurent writes: “There are new Darwinist divides in the corporate world exposing a kind of gilded inequality at the top of society” trib.al/VDVsgAM
Soaring tech businesses can shrug off social distancing while old-school brick-and-mortar firms can’t:

💶 Arnault’s fortune has fallen by $19 billion this year
💶 Francoise Bettencourt Meyers faces competition for her title as the world’s richest woman trib.al/VDVsgAM
In France, the coronavirus crisis has prompted the ultra-wealthy to wake up to the need to pitch in more:

🧣Hermes donated $24 million to Paris’s hospital association
👜LVMH gave ventilators and made masks trib.al/VDVsgAM
In this dog-eat-dog world, every small corporate victory counts.

Arnauld’s most visible bout of Covid-19 opportunism has been to try and walk away from the mammoth LVMH takeover of Tiffany trib.al/VDVsgAM
The current climate is even offering tycoons the perfect chance to acquire more power and influence via Lagardare. These French billionaires all bought shares recently:

💰Vincent Bollore
💰Marc Ladreit de Lacharriere
💰Bernard Arnault trib.al/VDVsgAM
Now it’s clear Bollore and Arnauld are in a face-off for control for Lagardare’s asset which include:

📓Glossy magazine Paris Match
📚Book publisher Hachette
🗞Influential radio and newspaper brands trib.al/VDVsgAM
This all might seem rather quaint compared to the space ambitions of Jeff Bezos and Elon Musk.

France’s increasingly old elites prefer radio brands to rockets. But that’s partly because globe-trotting across borders no longer looks like such a sure thing trib.al/VDVsgAM
This isn’t just a French phenomenon: Of all the business and investment strategies being pursued by the world’s billionaires, the least popular is to relocate to another country.

Still, in a crisis like this one, there’s no place like Paris trib.al/VDVsgAM

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Covid changed that, but not because he had a severe case of the disease trib.al/nMhJr0P
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🥶💉They have to be stored and shipped at temperatures as low as minus 80 degrees Celsius (minus 112 degrees Fahrenheit) trib.al/uXPmeIl
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❄️The virus will be harder to control in winter as people congregate indoors
🙅🏻‍♀️Resistance to renewed restrictions may make them harder to impose and enforce trib.al/hQxu8YS Image
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It’s been quite the comedown over the past three decades for America’s iceberg lettuce, introduced by seed purveyor W. Atlee Burpee & Co in 1894.

So how did the so-called “polyester of greens” fall out of favor? trib.al/4iwpnC2
In 1961, Julia Child + Simone Beck’s “Mastering the Art of French Cooking” & Craig Claiborne’s “The New York Times Cookbook” led to the great American food awakening.

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🌿Mesclun trib.al/4iwpnC2
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@FSBarry speaks to protesters in Lancaster, Pennsylvania about police brutality trib.al/EyXok6f
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Since 1979, the left has only managed to install 4 people in the White House or Downing Street:

🇺🇸Bill Clinton
🇺🇸Barack Obama
🇬🇧Tony Blair
🇬🇧Gordon Brown

The right has established two advantages: competence & intellectual dynamism trib.al/mALxUdZ
The first is a traditional advantage of conservatism.

Both Republicans and the Tories have based their electoral appeal on the idea that they will do a better job of looking after your money and protecting your country than the other guys trib.al/mALxUdZ Image
However, the right has also been more dynamic.

Since 1979, modern conservatism has produced many important ideas that have changed the political universe, from privatization to welfare reform to “broken windows” crime policy trib.al/mALxUdZ Image
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