Tuesday, March 16, 2010
What elites want is power
A general description of the phenomena Matt Yglesias (TMWIAC's number one source for links!) describes here, wherein the rich tend to support conservative policies even when progressive policies leave them better off is that it doesn't leave them better off *relative* to the rest of the country. If elites can engineer high amounts of wealth disparity, they also, by the same token, engineer high degrees of *power* disparity, even if they might have fewer millions, our economic and political elites are as a general rule all wealthy enough that a few million dollars here or there are not all significant to them, especially when a near monopoly on economic and political power are the costs of that money. Cheap at twice the price really.