Socialism, brought to you by people with $3000 watches (and no pitchforks)!

If you thought socialism might be brought about by large, angry crowds with pitchforks, hellbent on redistributing your unearned wealth, you’re out of sync. There’s a much more acute danger of the majority of the world going socialist (well ok, state capitalist – it’s more flexible as it gives more leeway for crony shenanigans) by way of central monetary and fiscal authorities buying up an ever larger chunk of global assets.

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