>I find the whole concept of "aristocracy" as applied to the US nonsensical. Of course you do. >Aristocracy is a form of government (rule by "the best"), and

>I find the whole concept of "aristocracy" as applied to the US nonsensical. Of course you do. >Aristocracy is a form of government (rule by "the best"), and we simply don't have it. The fact that your mortgage payments go to a servicer who funnels it to a CDO who funnels it to Calpers doesn't mean that members of Calpers are aristocratic rulers of the US. Nope, the fact that the 1% own vastly more than Calpers or any other pension fund does mean that, though.