The AXis 12/15/18: Aristocracy Vs. Meritocracy

"It’s obvious that the old American aristocracy had a much better track record. It’s not even close, really. The old American aristocracy was in control during an unparalleled period of American ascendance. It presided over the greatest economic expansion ever, the creation of a massive and growing middle class, the spread of democracy to other parts of the globe, general peace in its spheres of influence, institutions such as the Marshall Plan, United Nations, the World Bank, the International Monetary Fund, and the Bretton Woods Monetary System, and the creation of “the liberal world order.” And though this group of elites came close, they didn’t blow up the world. However, determining just how much credit the old American aristocracy deserves for these developments is tricky."

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