Patrimonial capitalism -- a state of affairs in which the returns from capital grow and concentrate, allowing a small class of idlers the luxury of massive income from zero work -- carried with it an entire cultural apparatus of patronage and sycophantism. Ironically, however, its cultural assumptions and values were perhaps most widespread and reinforced among the class right beneath them, those striving for advantage and entry into the otherwise closed world of the elite and ruling classes, who did still have to work.[1] Such figures populate the worlds of Jane Austen and Edith Wharton, those who want entry to society (while desiring the gates be closed behind them) but lack the capital or lineage required to be included as a matter of course. And as is often the case, few embraced more wholly or dogmatically the values of a culture than those outsiders who desired to be included.
But gaining access to this closed world required achieving a pedigree that one otherwise lacked. Institutions such as the University of Pennsylvania were organized not simply, or even primarily, to provide an education, but to provide such a pedigree. And their success hinged on providing an infrastructure of alumni networks that would turn an otherwise brief association with what is notionally a school into the basis for a connection or trust that could open doors for some--reproducing the culture and class of the elite--while making (as a sheer function of cartelization) such connections or opportunities closed or more difficult for others. It served the interests of some of the striving class, and reinforced the values and importance of the established class, and kicked in the teeth everyone who might have access to the professional class but lacked the connections needed for great success.
The Penn Club, a piece of nonsense in Manhattan, the center of the American upper class' universe and certainly not Philadelphia, explicitly caters to this purpose
'"When they [grads] are to enter the world, the trustees shall zealously unite, and make all the interests that can be made, to promote and establish them, whether in business, offices, marriages, or any other thing for their advantage." -- Ben FranklinThis, from a pamphlet printed in 2014, mailed without any sign that the content of Franklin's statement could be read as anything but a great and wonderful thing. Given the club's overpriced membership, rooms, and gym facilities, the pamphlet inviting recent grads to join is understandably pitched at the parents:
The Penn Club fulfills this mission.'
"Introduce your young graduate firsthand to the real world of networking. Create valuable connections for yourself."Since arriving in the US I have been constantly reminded that there is a distinction between "real world" and whatever it is I do, and that a "real salary" earning "real money" was that which far less than half of Americans lived on. I always imagined the "real world," however, to involve production, consequential deadlines, decisions that in some way impacted the well-being of yourself and your colleagues. Little did I know that the "real world" is gladhanding in the Kit & Key Bar (where they offer $2 Yuengling's once [!] a month as a benefit of membership), "where real movers and Quakers connect."
[1] Work in the sense of earning a salary from contributing something beyond their ownership. They could not sustain their desired lifestyle by simply counting the returns on investment. And of course, those who could sustain such a lifestyle likely 'worked' as well, although one suspects that they did this to build a certain type of respectability, and that they moved up in this fake world of not really needing to work not as a function of their actual marginal contribution but as a function of their connections. But no one would suggest that this occurs today.