This was going to be my comment. I'm sure that in the United States it's possible to write a whole book about a global trend without remembering the existence of other countries, but when read from another country
Britain is a good example; not because it's the most illustrative, but just because it's the only country with whose popular culture the average American might be expected to be somewhat familiar. And it's a similar story, old moneyed elite getting kicked down by a new and supposedly-more-meritocratic elite. The process was perhaps a bit slower and a bit less complete (e.g. the new Prime Minister might be an Indian but he still went to Winchester).
Among the many trends explaining this, I don't think admissions at Oxford/Cambridge are really close to the top, nor even admissions at Eton etc.
One thing that _would_ seem to be important is new money. For centuries, the only way to be rich was to own a lot of land, and the only way to own a lot of land was to inherit it. The Industrial Revolution started a phenomenon of non-U people suddenly becoming rich, which made life complicated for the old upper class, but at first they could absorb these new money richers slowly into their ranks (and more importantly, the new money richers aspired to emulate the old money). But eventually the rate of wealth creation got so out of hand that new millionaires were being minted faster than the upper class could co-opt them, and the wealth of the unassimiliated non-U rich started to outweigh the wealth of the true Upper Class. And eventually the whole thing came tumbling down and everyone is lining up to get a glimpse of the Beatles instead of the Queen.
The counter-argument is that it's US cultural hegemony.
Britain's a good place to see this. The 19th Century created a lot of new "millionaires," but they tried their hardest to ape the aristocracy then intermarried with them (changing them slightly in the process - mid-Victorian aristocrats were notably bourgousified compared to the 18th century). This is why public schools and Oxbridge became important in the first place vs. a purely hereditary system.
It could only be sustained by the aristocracy being the only centre of prestige though. Once a new class had risen up in the post-war US, the cool kids wanted to be like them, as opposed to the 417th Marquess of Cornwallshireshire, leading to the Blairite class and the "New Establishment." It's not a coincidence that Blair was the first [British?] politician to use the word "meritocracy" unironically to refer to something good.
This was going to be my comment. I'm sure that in the United States it's possible to write a whole book about a global trend without remembering the existence of other countries, but when read from another country
Britain is a good example; not because it's the most illustrative, but just because it's the only country with whose popular culture the average American might be expected to be somewhat familiar. And it's a similar story, old moneyed elite getting kicked down by a new and supposedly-more-meritocratic elite. The process was perhaps a bit slower and a bit less complete (e.g. the new Prime Minister might be an Indian but he still went to Winchester).
Among the many trends explaining this, I don't think admissions at Oxford/Cambridge are really close to the top, nor even admissions at Eton etc.
One thing that _would_ seem to be important is new money. For centuries, the only way to be rich was to own a lot of land, and the only way to own a lot of land was to inherit it. The Industrial Revolution started a phenomenon of non-U people suddenly becoming rich, which made life complicated for the old upper class, but at first they could absorb these new money richers slowly into their ranks (and more importantly, the new money richers aspired to emulate the old money). But eventually the rate of wealth creation got so out of hand that new millionaires were being minted faster than the upper class could co-opt them, and the wealth of the unassimiliated non-U rich started to outweigh the wealth of the true Upper Class. And eventually the whole thing came tumbling down and everyone is lining up to get a glimpse of the Beatles instead of the Queen.
The counter-argument is that it's US cultural hegemony.
Britain's a good place to see this. The 19th Century created a lot of new "millionaires," but they tried their hardest to ape the aristocracy then intermarried with them (changing them slightly in the process - mid-Victorian aristocrats were notably bourgousified compared to the 18th century). This is why public schools and Oxbridge became important in the first place vs. a purely hereditary system.
It could only be sustained by the aristocracy being the only centre of prestige though. Once a new class had risen up in the post-war US, the cool kids wanted to be like them, as opposed to the 417th Marquess of Cornwallshireshire, leading to the Blairite class and the "New Establishment." It's not a coincidence that Blair was the first [British?] politician to use the word "meritocracy" unironically to refer to something good.