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Natural Elites, Intellectuals, and the State Natural Elites, Intellectuals, and the State by Hans-Hermann Hoppe
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“Intellectuals are now typically public employees, even if they work for nominally private institutions or foundations. Almost completely protected from the vagaries of consumer demand ("tenured"), their number has dramatically increased and their compensation is on average far above their genuine market value. At the same time the quality of their intellectual output has constantly fallen.”
Hans-Hermann Hoppe, Natural Elites, Intellectuals, and the State