Retort to The Atlantic's article (http://www.theatlantic.com/magazine/archive/2011/01/the-rise-of-the-new-global-elite/8343/?single_page=true) "It could be argued that a quarter or so of the super-rich coming from ordinary backgrounds is sufficient to justify The Atlantic’s contention that they are more meritocratic than their predecessors. Firstly there have always been people who made a fortune from nothing: this is not new. More fundamentally, just a quarter coming from ordinary backgrounds still means that those whose parents are very rich are (at least) hundreds of times more likely to be in the elite themselves than someone from an ordinary family. Some meritocracy!" #retort #independent #journalism #blog #article #meritocracy #plutocracy #status #class #money #wealth #social #divide #peer #pub

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