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Yet the WASP elite had dignity and an impressive sense of social responsibility. In a 1990 book called "The Way of the Wasp," Richard Brookhiser held that the chief WASP qualities were "success depending on industry; use giving industry its task; civic-mindedness placing obligations on success, and antisensuality setting limits to the enjoyment of it; conscience watching over everything." Under WASP hegemony, corruption, scandal and incompetence in high places weren't, as now, regular features of public life. Under WASP rule, stability, solidity, gravity and a certain weight and aura of seriousness suffused public life. As a ruling class, today's new meritocracy has failed to provide the positive qualities that older generations of WASPs provided. But is the merit in our meritocracy genuine? Of the two strongest American presidents since 1950— Harry S. Truman and Ronald Reagan —the first didn't go to college at all, and the second went to Eureka College, a school affiliated with the Christian Church (Disciples of Christ) in Eureka, Ill. The notion of Harry Truman as a Princeton man or Ronald Reagan as a Yalie somehow diminishes them both. Apart from mathematics, which demands a high IQ, and science, which requires a distinct aptitude, the only thing that normal undergraduate schooling prepares a person for is... more schooling. Having been a good student, in other words, means nothing more than that one was good at school: One had the discipline to do as one was told, learned the skill of quick response to oral and written questions, figured out what professors wanted and gave it to them. Enlarge Image cat John Foster Dulles (right), who would become President Eisenhower's secretary of state, greets his brother, future CIA Director Allen Dulles, 1948 Associated Press Having been a good student, no matter how good the reputation of the school—and most of the good schools, we are coming to learn, are good chiefly in reputation—is no indication of one's quality or promise as a leader. A good student might even be more than a bit of a follower, a conformist, standing ready to give satisfaction to the powers that be so that one can proceed to the next good school, taking another step up the ladder of meritocracy. What our new meritocrats have failed to evince—and what the older WASP generation prided itself on—is character and the ability to put the well-being of the nation before their own. Character embodied in honorable action is at the heart of the novels and stories of Louis Auchincloss, America's last unembarrassedly WASP writer. Doing the right thing, especially in the face of temptations to do otherwise, was the WASP test par excellence. Most of our meritocrats, by contrast, seem to be in business for themselves. Trust, honor, character: The elements that have departed U.S. public life with the departure from prominence of WASP culture have not been taken up by the meritocrats. Many meritocrats who enter politics, when retired by the electorate from public life, proceed to careers in lobbying or other special-interest advocacy. University presidents no longer speak to the great issues in education but instead devote themselves to fundraising and public relations, and look to move on to the next, more prestigious university presidency. A financier I know who grew up under the WASP standard not long ago told me that he thought that the subprime real estate collapse and the continuing hedge-fund scandals have been brought on directly by men and women who are little more than "greedy pigs" (his words) without a shred of character or concern for their clients or country. Naturally, he added, they all have master's degrees from the putatively best business schools in the nation. Thus far in their history, meritocrats, those earnest good students, appear to be about little more than getting on, getting ahead and (above all) getting their own. The WASP leadership, for all that may be said in criticism of it, was better than that.

— The WASP Ruling class by Joseph Epstein  

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