Will The "New Aristocrats" Broker The Deal? | New Haven Independent
“American meritocracy has thus become precisely what it was invented to combat: a mechanism for the dynastic transmission of wealth and privilege across generations,” Markovits said. “Meritocracy now constitutes a modern-day aristocracy, one might even say, purpose-built for a world in which the greatest source of wealth is not land or factories but human capital, the free labor of skilled workers.”
He called the new income inequality “unprecedented in human history.”
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