19-07-2021 21:28 via theguardian.com

What happens at Sun Valley, the secret gathering of unelected billionaire kings?

Did you make it to the Allen & Co conference in Sun Valley, Idaho this past week? The investment bank sponsors the annual schmooze-fest and "summer camp for billionaires" for the same reason that companies give away their luxury products in Oscars gift baskets: because if you spoil rich people enough, they may develop sufficiently warm feelings towards you to throw you some business one day. At Sun Valley each year, the billionaires are feted by the mere millionaires; the millionaires drum u
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