The New (Brainy) Aristocracy
In the information age, brainy people are rewarded with wealth and influence, says The Economist. But what does this mean for everyone else?
Societies have always had elites. For most of history and in most countries, power was seized by force of arms and passed down from father to son. Fear and heredity still play a role. China’s ruling party remains in charge because it jails and occasionally kills those who threaten it. America elected two presidents named George Bush and came close to electing two Clintons. The big change over the past century is that elites are increasingly meritocratic and global. The richest people in advanced countries are not aristocrats but entrepreneurs such as Bill Gates. The most influential are those whose inventions change lives in many countries (think of Facebook) or whose ideas are persuasive (think of Amnesty International).
