https://www.ft.com/content/c0237568-0b30-11e8-8eb7-42f857ea9f09
So are cultural advantages. America’s elites preach the gospel of a so-called stem education — science, technology, engineering and maths. But that is for other people. Social capital is about knowing what to say to whom and when, which is a sophisticated skill. Technical learning is for others. Children of the elites are learning how to raise money for philanthropic causes. Economists define this as a positional good. Sociologists call it virtue signalling. Mr Trump calls it political correctness....
The children of the wealthiest do not need student loans and live off their parents’ capital. The rest are struggling to justify the expense. It is as though they were led up to the promised land at sundown. The ratio of effort to outcome is rising. The more people study, the lower the returns to education. You always need more credentials, which most cannot afford. Instead of c...
Yet he eats away at it too. Somewhere in our bourgeois subconscious is the realisation that Mr Trump is no accident. He holds up a cracked mirror to our illusions. When we mock him, he draws strength. When he provokes, we stumble. Yet we cannot helpourselves.Heisdeeplyoutrageous
So are cultural advantages. America’s elites preach the gospel of a so-called stem education — science, technology, engineering and maths. But that is for other people. Social capital is about knowing what to say to whom and when, which is a sophisticated skill. Technical learning is for others. Children of the elites are learning how to raise money for philanthropic causes. Economists define this as a positional good. Sociologists call it virtue signalling. Mr Trump calls it political correctness....
The children of the wealthiest do not need student loans and live off their parents’ capital. The rest are struggling to justify the expense. It is as though they were led up to the promised land at sundown. The ratio of effort to outcome is rising. The more people study, the lower the returns to education. You always need more credentials, which most cannot afford. Instead of c...
Yet he eats away at it too. Somewhere in our bourgeois subconscious is the realisation that Mr Trump is no accident. He holds up a cracked mirror to our illusions. When we mock him, he draws strength. When he provokes, we stumble. Yet we cannot helpourselves.Heisdeeplyoutrageous
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