Chapter 18 of 150 · The Freeman 1992 by Foundation for Economic Education
Mr. McAllister's List; D. G. Smith
Those who were invited were in and those who were not invited were out, and McAllister did the spade work for Mrs. Astor in making this determination. McAllister seemed to assume that this situation would last forever; that the "right" people would breed more of their kind and that his beloved Four Hundred would continue through eternity. He was wrong, however, because he totally misread the forces that were shaping a great nation. His ven ture into American aristocracy failed because in our society any elite grouping is necessarily a fleet ing, temporal thing. Whatever kind of an upper class exists at a given moment is based upon accomplishment. By the 1890s,when McAllister compiled his list, the movers and shakers of a new era were already taking form. Sebastian Kresge risked it all by opening his first store in 1897. A Polish orphan, later to Americanize his name to Samuel Gold wyn, would pass through Ellis Island without a penny in his pocket.
A Four Hundred of the 1950s, 1970s, or of today would include almost none of the surnames on McAllister's list. There were no Sarnoffs waltz ing in that ballroom because the family hadn't yet Mr. Smith, who lives in SantaMaria, California, fre quently writes for The Freeman. immigrated from Russia. Nor was there anyone from Glenn Martin's family tree. Young Martin would start his first aircraft company in 1915, his "plant" being an abandoned church in Santa Ana, California. Walter Chrysler at the time was work ing as an apprentice at the American Locomotive Company, and Henry Ford was a backyard tinker er in Detroit. There were no Trumps or Krocs on the guest list; nor were there any Gianninis, Sikorskys, or Gettys. Two young men named William Hewlett and David Packard would make a name for them selves in American industry, but not before they had pooled their assets of $538and started a com pany in Packard's garage. Celebrated architect I. M. Pei arrived in this country in 1935and, as the expression goes, made something of himself. His ancestors, of course, weren't on the Astor guest list because they were otherwise occupied with finding something to eat in southern China.
McAllister, as might be expected, had never heard any of these names. These people would come along later, make an indelible mark on this coun,.. try, and take a place on whatever list a collector of big names happened to be compiling. The crux of all this is in the very nature of capi talism. If there is a social elite, it· is an elite of accomplishment. Those who move to the forefront do so by what they have done and hold their power only as long as they are producing. In American society one doesn't coast on a family name for very long. Old money is measured in decades, not in centuries. Those who say that one has to belong to a cer tain social class to make a mark have no compre57 An elegant 1890s crowd under the arcade of Madison Square Garden at night. hension of the capitalistic system and less of histo ry. Our "in" people are invariably those who have done something. These are the people who are the most wanted by talk-show hosts and are consid ered catch-of-the-day for any social-climbingparty giver.
McAllister's guest list is a time capsule that clearly identifies the people who shaped an era. Included in The Four Hundred were the accom plishers of the late 19th century: the industrial ists, the artists, the builders, the people who made decisions and got things done. Most of them were self-made, and the old money in the room would have looked like new coinage on the other side of the Atlantic. Indeed, the Astors themselves could look back only a century to when John Jacob arrived penniless from Ger many with ideas of making it big in the New World. His American Fur Company was founded in 1808, and his descendants had become the oldest of the old money long before the century had played itself out. No, there is no American aristocracy, and one doesn't have to be born to the purple to make it big in America. Tomorrow's Four Hundred is now in the larval stage, waiting to break out into the sun light. Right now they are children living in crowd ed apartments in Brooklyn, trailer parks in New Mexico, or strawberry fields in California; or maybe their parents are looking for ways to get to America. They will somehow elbow their way to the top and will spend their time on center stage.
These people will be the new social elite and will bring a brand-new set of names to the roster of big and important individuals. This is the way the system works. We willalways have a Four Hundred of sorts, but no one gets a free ride, and there are no names carved in stone. As they say in Hollywood, you ary only as good as your last picture. D 58 The Dark Lessons of Utopia by Alex Kozinski W hile I was at UCLA in the late '60s and early '70s, toutie monde was a collec tivist of one stripe or another. It was the height of the Vietnam War, a time when, in the words of Justice William O. Douglas, we were bombing innocent peasants "whose only 'sin' [was] a desire for socialized medicine to alleviate the suffering of their families and neighbors." It was a time when every self-respecting college campus had its spring demonstrations and sit-ins promoting a cornucopia of causes, and when "capitalism" was a synonym for "fascism." The cure for what ailed us, everyone seemed to agree, was greater, deeper, more extensive government involvement in our lives. And the sooner the better.
The Freeman 1992
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