There's an inevitable arms race that sets in among neighbors of a certain kind sociologically speaking, if not geographically. Once your peer or your competitor gets a boat of a certain size, then you feel a sudden overwhelming urge to get a bigger boat. The COVID pandemic as it did for a lot of other folks too made people say, well, I guess my time is short. Few play in the mega yacht owner league.
Bloomberg's Stephanie Baker and the New Yorker’s Evan Osnos explain the fight to seize (and maintain) billionaire boats.
This episode was produced by Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Patrick Boyd and Paul Robert Mounsey, and hosted by Sean Rameswaram.
Transcript at vox.com/todayexplained
Support Today, Explained by making a financial contribution to Vox! bit.ly/givepodcasts
Learn more about your ad choices. Visit podcastchoices.com/adchoices