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Notes -
I wouldn't describe those as rent-seeking, neither in the traditional, landowning sense nor a more modern position atop the stock market. "Nouveau riche" doesn't seem right, either, for a class which is effectively trading off earning potential for a chance to be a Thought Leader. At least by the time they get that PhD, academics have given up hope on being the financial elite.
No, I'm talking about the Pelosi-type. Relatively new to wealth and power, perhaps immigrants or their children. Heavily invested in a neoliberal worldview. Played the American system to its full effect, especially including the stock or real estate markets. Little incentive to rock the boat with progressive zeal, and very little concern for the potential downsides of neoliberal policy.
When people talk about coastal elites, are they talking about Sanders, or are they thinking of Soros?
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