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  1. Last 7 days
    1. Some argue that the American elite is functionally an old-fashioned aristocracy that owes its income to nepotism and opportunism. Others argue that the elite is functionally an oligarchy that owes its rising income to a shift away from labor and toward capital. According to this view, elites don’t even need nepotism — they are using preexisting wealth and inheritance to rebuild an old-fashioned feudal class.

      So much here to unpack...

  2. Sep 2020
    1. while a Minister’s view is always slanted on matters that affect his own interests, so that instead of promoting deserving persons he will fill the places with his own creatures, and will try to strengthen his own position by the number of persons whom he makes dependent on his fortunes;

      Here, we see a distrust of Democratic systems, commoners, and burgher-capitalism.

      The thread of logic is that people from lower classes - coming from positions of less power and wealth - are more susceptible to corruption as they attempt to shore up their own interests by surrounding themselves with flunkies and sycophants.

      The nobility, on the other hand, need no such false assurances.