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Erik Torenberg | Substack

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Recently we discussed why the masses adopt redistribution/egalitarianism — because it means more status and money for them. This week we’re going to discuss why the elites adopt redistribution/egalitarianism, since, after all, aren’t they the ones losing something by redistributing? Why then, do they unequivocally endorse giving away money and status? What’s in it for them? Well. There’s one school of thought that says it’s a cynical ploy to prevent blowback from the masses. If the elites weren't advocating for egalitarianism, they’d be unpopular with the masses and would be at risk of rebellions. In that way, redistribution can be seen as a tax they pay to keep their power. An even more cynical take is that the elites’ virtue signaling allows them to be seen as morally good without having to sacrifice much in terms of business interests. Corporations embraced the social causes of the last few years, but they didn’t embrace Occupy Wall Street. It’s easy for JP Morgan to promote diversi

The Hypocrisy of Elites Egalitarianism for thee, Elitism for me Erik Torenberg Jul 16, 2022 158 20 5 Share Recently we discussed why the masses adopt redistribution/egalitarianism — because it means more status and money for them. This week we’re going to discuss why the elites adopt redistribution/egalitarianism, since, after all, aren’t they the ones losing something by redistributing? Why then, do they unequivocally endorse giving away money and status? What’s in it for them? Well. There’s one school of thought that says it’s a cynical ploy to prevent blowback from the masses. If the elites

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