Chris Hayes sometimes gets dismissed as just another commentator on a failing liberal TV network, but I found his book Twilight of the Elites a perceptive, well-written account of how American meritocracy perpetuates inequality.
Hayes recently reviewed the book Young Money: Inside the Hidden World of Wall Street’s Post-Crash Recruits by Kevin Roose. The book follows the lives of eight young men — recruited to be investment bankers — during the first two years of their employment on Wall Street.
I especially liked this passage from Hayes’ review:
Why, one might ask, in an economy in which 49 million Americans are poor and the median household income hovers around $51,000, should we care about the psychic plight of 23-year-olds making $90,000? Because these are the people who run our country, and the process by which their own empathetic faculties are destroyed is a key part of how this entire corrupt finance-state is maintained.
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Image source: The New York Post
Christopher Hayes, Twilight of the Elites: America After Meritocracy
Chris Hayes, The Cubs of Wall Street, The New York Times Book Review, April 13, 2014