Blame Rich, Overeducated Elites as Our Society Frays
Blame Rich, Overeducated Elites as Our Society Frays
Section titled “Blame Rich, Overeducated Elites as Our Society Frays”
Metadata
Section titled “Metadata”- Author: bloomberg.com
- Full Title: Blame Rich, Overeducated Elites as Our Society Frays
- Category: #articles
- URL: https://www.bloomberg.com/view/articles/2013-11-20/blame-rich-overeducated-elites-as-our-society-frays
Highlights
Section titled “Highlights”- Elite overproduction generally leads to more intra-elite competition that gradually undermines the spirit of cooperation, which is followed by ideological polarization and fragmentation of the political class. This happens because the more contenders there are, the more of them end up on the losing side. A large class of disgruntled elite-wannabes, often well-educated and highly capable, has been denied access to elite positions.