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Jessie James Decker shows off toned bikini body after monthslong fitness transformation

NY Post
1 month ago
The country singer has been working hard on building muscle and being more consistent.
Fox News

Your daily coffee habit could be taking a toll on your bones, new study suggests

NY Post
1 month ago
A study of 9,704 women found that drinking over five cups of coffee daily is linked to lower bone density, while tea may help protect them.
Fox News

New Hampshire man recounts terrifying encounter with mysterious animal terrorizing locals: ‘Dude, let go’

NY Post
1 month ago
He has since undergone multiple rounds of rabies shots, with more to come in the coming weeks.
Adam Silverstein

LSU destroys Clemson in Lane Kiffin’s debut: ‘Imagine if we had pro players’

NY Post
1 month ago
Lane Kiffin's LSU debut was delayed, but by no means derailed.
Associated Press

Trump’s super PAC pours $10M into Ken Paxton’s Texas Senate race against James Talarico

NY Post
1 month ago
Paxton and Democrat state Rep. James Talarico are locked in a tight race in which polls continually show the two candidates neck and neck.
Fox News

Dear Abby: My husband’s antisocial behavior is making me feel trapped

NY Post
1 month ago
Dear Abby advises a woman who wants her husband to be more social.
Dear Abby

UCLA shows resolve in beating Cal in coach Bob Chesney’s debut

NY Post
1 month ago
BERKELEY – It was a revival of “Pac-12 After Dark,” with all the required craziness. Plenty of offense. Huge momentum shifts one way, then the other. Just when it seemed like UCLA had lost its mojo in coach Bob Chesney’s debut, the Bruins stayed on brand by conjuring some late magic. Bruins linebacker Jalen Woods...
Ben Bolch

Ex-Team USA triathlete, NYC dad drowns while swimming off Shelter Island during family vacation

NY Post
1 month ago
A former Team USA triathlete drowned while going for a swim near his upscale Shelter Island hotel during his family vacation at the Long Island hotspot.
Nicholas McEntyre

North Carolina Dem Senate candidate added former Bloods gang member to criminal justice task force: report

NY Post
1 month ago
Pittman was convicted in a 2006 drive-by-shooting of 19-year-old Jamel Amiens Jeffreys, the Free Beacon reported.
Fox News

Tucker Budzyn, viral Golden Retriever sensation, dies at 8 after cancer diagnosis

NY Post
1 month ago
The golden retriever was a huge internet star with about 27.1 million followers across social media.
Adam Silverstein

Anthony Volpe ‘became Barry Bonds’ over two weeks in Triple-A: Jasson Dominguez

NY Post
1 month ago
Jasson Domínguez says Anthony Volpe has been like "Barry Bonds" in Triple-A recently.
Greg Joyce

Dodgers finally regaining momentum after comeback win over Nationals

NY Post
1 month ago
On Friday night, Dodgers manager Dave Roberts was cautiously optimistic.
Jack Harris

Michigan Senate candidate El-Sayed speaks at religious conference criticized for inviting 9/11 conspiracy theorists

NY Post
1 month ago
Michigan Senate hopeful Abdul El-Sayed spoke at a Detroit conference alongside 9/11 conspiracy theorists Cenk Uygur and Zaid Shakir.
Jennifer Bain, Ella Morrison

Coco Gauff salvages brutal day for Americans as she rolls into US Open Round of 16

NY Post
1 month ago
On a brutal day for American stars at the U.S. Open, Coco Gauff offered a bright spot.
Howie Kussoy

Michigan wins on second Hail Mary pass in controversial ending to avoid brutal upset

NY Post
1 month ago
“One for the history books right here.”
Associated Press

Senior immigration official and alleged moneyman caught accepting $960K in bribes for citizenship favors: prosecutors

NY Post
1 month ago
“Selling immigration benefits for cash is a blatant abuse of public trust,” US Attorney for the Northern District of Texas Ryan Raybould said in a statement on Friday. 
Daniel Cody

Lululemon billionaire founder Chip Wilson files for divorce after 20 years of marriage — with no prenup in place: report

NY Post
1 month ago
Chip Wilson, whose net worth is valued at $6.1 billion, and his wife Shannon "Summer" Wilson are calling it quits, according to a report.
David Spector

The Real Elites Vs. The Ruling Elites

Zero Rss
1 month ago
The Real Elites Vs. The Ruling Elites

Authored by Ryan McMaken via The Mises Institute,

Always and everywhere, political institutions are controlled by elites. It doesn't matter if the regime type is democratic or monarchical. It doesn't matter if there is a written constitution or not. All political institutions - and certainly every sovereign state - are run by a group of elites who control the means of coercion.The myth of "rule by the people" is precisely that: a myth.

But this leaves a big question open: who are the elites? Wilfredo Pareto, that pioneer of Italian elite theory, convincingly suggests that elites are simply those people who are most skilled in their respective fields. Being skilled does not suggest any sort of virtue or beauty, of course, and we cannot assume that any member of the elite will be more moral or refined than any, say, middle-class mechanic.

In the case of political elites, to be "elite" simply means to be the most effective at organizing and commanding political action. This can be done toward both virtuous ends or evil ends. The political elites excel at the gaining and wielding of political power. Nothing more. In hereditary monarchies, for example, the monarch is a monarch because his ancestors were more effective at using violence - and at stealing and killing - than were their competitors. Their descendants are able to remain in the elite through effective political scheming to maintain their positions. In democracies, those who gain and maintain power are effective at deceiving the voting public and at currying favor with the ruling coalitions of various interest groups. They're not "the elite" because they are especially virtuous or well educated. They simply excel at cultivating the knowledge necessary to wield the power of the state against their enemies and against potential rivals.

Economic Elites vs. Political Elites

There is, however, often confusion as to the difference between economic elites and political elites. One could say that economic elites are those who are most skilled at the management of property. Yet, the nature of the economic elites depends largely on what type of regime exists within society. In a society that has a mostly market system, the economic elites are those who are most productive in the free marketplace. These are the people who are skilled at entrepreneurship, sales, logistics, investing, and all other aspects of a freely functioning market. In a mostly free society, the economic elites are free to spend most of their time on their activities in the marketplace, and they are thus rewarded for spending their efforts in improving their own productivity. Moreover, all of society benefits from these sorts of economic elites. This is because rewards in the marketplace stem from delivering more goods and services to more people at a price that a growing number of people can afford.

Things are different in a society where the economy is dominated by the state - and thus by the political elite. In such a society, the economic elites are those who are most skilled at using the power of the state to achieve success in the state-regulated marketplace. In this case, the economic elites are those who are able to partner with the regime to obtain policies that benefit the elites through the manipulation and regulation of the market. These policies include bailouts, state-backed monopolies, and an easy-money-fueled financial system. In this system, the economic elites are able to maintain and enhance their positions and their wealth through effective political action, and by serving the political elites instead of customers in the marketplace.

When this happens, we cannot assume that the economic elites are there because they add value to society. Rather, the economic elites in this latter system are parasitical. They rely on the exploitation of others to maintain their positions and to expand their market share. One of the most dramatic examples of this can be seen in the response to the financial crisis that began in 2008.

Had the marketplace been allowed to function, many large banks and other firms would have been bankrupted, and their property repurposed by other, more efficient owners and managers. Those new owners could have become a new economic elite. But thanks to the intervention of the incumbent political elites, failing firms were saved through the redistribution of wealth from the productive classes to hand-picked, politically connected incumbent firms and owners. Thus, firms like Citicorp and AIG were bailed out, new regulations imposed, and firms like JP Morgan greatly expanded their market share. The Federal Reserve's mass purchasing of mortgage-backed securities rescued a large portion of the financial sector from insolvency. As a result, most of the economic "elite" we find in the financial sector owe their positions to political action rather than any actual skill in the marketplace. Sure, these people are fond of telling themselves that they are rich because "the market" values them so highly. In reality, they are successful because lobbyists have succeeded in propping up their firms and ensuring, through constant monetary inflation, growth in their portfolios.

But this is just one example. In any society where the political elites are prolific spenders, or engage in widespread regulation of the economy, the economy is continually distorted in a way as to favor the politically well connected at the expense of everyone else. For example, the economic "elites" who rely heavily on government contracts - e.g., Elon Musk, Peter Thiel, the founder of Flock Safety, et al - are not in the elite because they are especially productive in a free market. They are in the elite because they are adept at seizing the property of taxpayers through the tax-and-spend mechanism.

Note that in this interventionist system, the real economic elites - the people who would have risen to the top of an actually free economy - are crowded out and kept down by government action that favors certain firms. Who are these would-be elites? We'll never know, and instead we are left with our counterfeit billionaire class which is "elite" only in their skill at exploiting people who do real work in the private sector.

Conclusion

Thus we have a merging of the economic and the political elite. Both types of elites generally rely on some sort of deception to buttress their claims.

The political elite, for example, claim their positions by virtue of some sort of mandate from heaven, or moral virtue, or because they allegedly reflect the "will of the people." These are all lies, of course, but have nonetheless worked to fool and pacify the public for many centuries.

Under a regime of economic interventionism, the economic elites rely on lies as well. They claim they are elites because they are efficient or hard-working, or "serve the customer." These are lies as well since, in the absence of a free - or even mostly free - market, the elites are, in fact, in their positions due to political maneuvering. They are, in effect, merely an extension of the political elite. The more interventionist the regime is, the more this is true.

The real elites have always been those who receive the voluntary and free support of others through the private sector, or through other non-violent means of interaction: through families, religious institutions, and other institutions of the private sector. On the other hand, those who become "elites" through the initiation of violence, and through the looting of others, have always been frauds and imposters.

Tyler Durden Sat, 09/05/2026 - 23:20
Tyler Durden

Yankees squash lefty troubles, best Robbie Ray in win over Padres

NY Post
1 month ago
The Yankees are going to have to find a way to consistently beat lefty starters. Saturday was an encouraging day in that regard. 
Greg Joyce

Naomi Osaka survives roller-coaster night to reach fourth round of US Open

NY Post
1 month ago
This was veering toward a sadly familiar story for Naomi Osaka. But she didn't let that happen.
Ethan Sears

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News feeds

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  • Equity Risk Premium Has Vanished, And Stocks Aren't Cheap...
  • Houthi Missile Attack On Busy Terminal At Riyadh Airport Kills 12, Injures 309
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