"And yet, wealth remains stubbornly hereditary. Our capital allocators – who, during the post-war, post-New Deal era were often drawn from working families – ar

"And yet, wealth remains stubbornly hereditary. Our capital allocators – who, during the post-war, post-New Deal era were often drawn from working families – are now increasingly, relentlessly born to that role. For the wealthy, this is the origin of the meritocracy to eugenics pipeline. If power and privilege are inherited – and they are, ever moreso every day – then either we live in an extremely unfair society in which the privileged and the powerful have rigged the game…or the invisible hand has created a subspecies of thoroughbred humans who were literally born to rule. This is the thesis of the ultra-rich, the moral justification for rigging the system so that (..)" There. Enough said.