Bad and Bourgeois

The super-rich talk to one another about a rising tide lifting all boats, all the while arming their yachts ahead of potential crisis.


“Conjuncture” is a fancy term Louis Althusser came up with to describe the emergence of phenomena that bubble to the surface like sulfur from the same deep crack in the sea floor. Events appear, not as causal chains, but as symptoms of the same disease.

And though we need no further reminders of our current gangrenous capitalist conjuncture, with its wound from the 2007 financial crisis festering untreated, we got some. In the week leading up to Donald Trump’s inauguration as president of the United States, the world’s wealthiest people met in Davos to tackle the world’s most pressing problems, Oxfam declared that eight men held as much wealth as half of humanity, and rap group Migos scored their first chart-topping single with “Bad & Boujee.”

Migos’s hit is an especially appealing riff on the traditional themes of trap music, an extremely formalist hip-hop subgenre that specializes in pioneering new slang terms for selling dope and threatening rivals while bedding their women. Before getting down to that important business with their signature staccato triplet flows, Migos member Offset muses, “We never really had no old money, we got a whole lot of new money though.”

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