Education and class: America's new aristocracy | The Economist - 0 views
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Because America never had kings or lords, it sometimes seems less inclined to worry about signs that its elite is calcifying.
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Thomas Jefferson drew a distinction between a natural aristocracy of the virtuous and talented, which was a blessing to a nation, and an artificial aristocracy founded on wealth and birth, which would slowly strangle it.
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When the robber barons accumulated fortunes that made European princes envious, the combination of their own philanthropy, their children’s extravagance and federal trust-busting meant that Americans never discovered what it would be like to live in a country where the elite could reliably reproduce themselves.
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