THE ELITES ARE DISCOVERING THAT THEY ARE NOT ONLY AT THE TABLE, BUT ALSO ON THE MENU, Richard Fernandez writes at the Belmont Club:

[It’s not just that] the elite cheat; but they are not above cheating each other. He complains that Harvard has proved willing to take donations ripped off of unwitting investors.  Drug companies like Theranos are suspected of marketing faked treatments to the public.  Hillary Clinton may have possibly provided “off-the-record favors for foreign governments”. But why not when Chelsea’s hedge fund husband lost 90% of the value of his bet on Greek stocks? Somebody had to lose the money so that someone could gain it.  The elites are discovering that they are not only at the table, but also on the menu.

People who actually matter are starting to become victims. That’s the shock. Just as Caesar was soon to discover that he was the prince for whom the heavens mourned, the Millenials may be surprised learn that the perma-renter  trend may eventually become the perma-tenter trap.  “Just outside of Seattle sits a small cluster of tents in what resembles an overcrowded camping ground.” See those Hoovervilles? They’re for you.

As Richard goes on to note, lots of the people — maybe a majority of them — wasting away again in an Obamaville are those who voted for him.