American Thinker: The New Aristocracy: "When Alexis de Tocqueville wrote of America in the early 19th century in his classic Democracy in America, he was comparing America's democracy to the declining norm in Europe: aristocracy.
The European aristocracy, a landed aristocracy, ruled with inheritance and privilege. Exclusionary guilds and inherited wealth kept a calcified social order lacking change and social mobility. Great wealth was to be expected only by those who had it."
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