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America’s Gentry Élite: TUESDAY TRENDS & TURMOIL

Brad DeLong · 16 Sept 2026

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Every claim below was made in this piece, quoted word for word and numbered in the order the piece makes them, so you can read it there rather than take our word for it. The sentence above each quote is our reading of the claim, not their wording. Each quote was checked against a stored copy of the page at build time; where the two differ, the quote is the fact.

  1. Our reading

    America's wealthy business-owning gentry class owes much of its fortune to deliberate tax-policy choices rather than pure market outcomes.

    Their wordsThe American gentry's fortunes, in other words, are in substantial part, a policy artifact.

  2. Our reading

    A local political and economic elite hostile to outside change makes economic revitalization of left-behind regions especially difficult.

    Their wordsA gentry-dominated yuppie-hostile local power structure makes efforts at development especially hazardous.

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