In case you haven't seen it, check out Elliott Gerson's op-ed in the Washington Post today, offering an unexpected measure of what has gone wrong with America's economic and social structure. Gerson is the American secretary of the Rhodes scholarship trust, and his data track follows... what Rhodes Scholars do with their lives once they come home from England.

Precis: in the olden days, they wanted to be big shots, a la Bill Clinton. Politicians, professors, writers, people paid in part or full in currency other than plain cash. Now, they want to be rich. And Gerson has a theory about what that change shows.

There is a reverse-backflip aspect to this shift that Gerson is certainly aware of but doesn't have the space to mention: Over the past 20 years or so, the selection process for Rhodes scholars has shifted to place less emphasis on Clinton-style BMOC traits and more on expressed or proven commitment to "service." So a group that starts out being more interested in social service ends up being more likely to go to Wall Street. Read and reflect.

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