It’s Not Just Mitt Rmoney (sic)

Paul Krugman points out that in America the demonstrable rise in economic inequality is combining with decreased social and economic mobility across classes to cause a rise in the number of adult children of powerful people who assume powerful positions themselves.

I suppose if America lasts long enough, it might reinvent the British class system.

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Comments

  • MandT  On Thursday January 26, 2012 at 2:45 pm

    It’s always existed, particularly in Virginia.

    • Steve  On Thursday January 26, 2012 at 5:09 pm

      Well, yes, MandT, it always has, and Virginia’s upper-crust is about the snootiest we’ve got… I hate to credit Rita Mae Brown with anything after she turned her characters into Tea Party dogmatists, but her fiction often depicts the class fault-lines in Virginia.

      Still, in many places in America, it has been possible for people of lower means to rise to well-earned prominence either as leaders or as creators (authors, scientists, philosophers, etc.)… but that ability seems to be vanishing in the face of a concerted effort by the self-anointed upper class to make not just their wealth but their position hereditary. Inherited wealth is probably inevitable; inherited position and/or status is un-American.

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