Thursday, January 13, 2011

DEPT. OF COMMENTS FOUND ON OTHER BLOGS: I'm not the only one who does that! And so this comment was given wider circulation:

The cherry-picked anecdotes of blue-collar, self made executives used to suggest that entry into the ranks of the ultra-rich is somehow “meritocratic”, despite extensive evidence showing that the relationship between heriditary wealth, education, and socioeconomic status is strengthening; the suggestion that these elites somehow “produce wealth”, despite the clear evidence than in fact most of them do little but extract it; the absolutely laughable assertion that attending elite wank-fests like TED talks or Davos conferences somehow constitutes engagement with serious ideas; the absurdity of claiming that the handful of billionaires with significant philanthropic contributions to their pet causes shows us that the ultra-rich are legitimately attempting to better the condition of their inferiors- I’m amazed this trash got past any editor, anywhere.

This in response to that "Rise of the New Global Elite" article that's been passed around. In answer to that last line--it's The Atlantic, scaring the top half of the middle class--in this case with anecdotes about how it isn't working hard enough--is how it stays in business.

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