The time was just prior to the French revolution and the peasantry was suffering. It’s been said that upon hearing the people had no bread the French Queen Marie Antoinette quipped “Let them eat cake”.
The causes of the of the French revolution in 1789 are many and include excessive government debt from financing foreign wars and occupations and a poor economy brought about by monetary debasement.
Charles Mackay’s 1849 write-up of the French “Mississippi Scheme” provides an interesting look at how a great boom and then bust brought about by a new kind of money system laid the foundation for social and political upheaval.
In fairness to the old queen the facts don’t seem to support that she actually made such a statement but today the phrase “let them eat cake” has come to symbolise the monied elites indifference to the suffering of the lower economic classes.
I don’t know about you but after counting what few pennies I have I sometimes wonder what it would be like to be super rich. If you’ve ever wondered the same thing well wonder no more because this article has got you covered.
In the mean time I say if we must eat cake at least let them be Happycakes!
Move over Spielberg, Hollywood here I come.