The Rise of the Thought Leader. ... very good critical read

“The evidence in Drezner’s book contributes to a startling picture of a country in which the superrich actively seek to sabotage institutions that have formed the backbone of consensus and public trust for a large part of the twentieth century. Because their wealth comes largely from finance and is no longer attached to the country’s material infrastructure—they are not steel magnates or railroad barons—modern plutocrats no longer use their fortunes to secure a legacy of contributing to public needs. Instead they weaponize their wealth, with the aim of creating even more capital and remaking society according to their own, unrepresentative political beliefs. “Only 35 percent of wealthy Americans support spending what is necessary to ensure good public schools,” Drezner notes, “a sharp contrast to 87-percent support from the general public.” The wealthy also support cuts to government spending and social programs much more strongly than the rest of the public—which fits with their compulsion to spend millions on trying to buy academic legitimacy for unregulated capitalism.”

The Rise of the Thought Leader
via Instapaper