Meaning: This quote by Spiro Agnew, a former Vice President of the United States, succinctly captures the essence of a system that has been a subject of debate and scrutiny for decades: the concept of privilege and monopoly in government-sanctioned entities. Agnew's words reflect a critique of the concentration of power within certain groups or institutions that are not democratically elected, yet wield significant influence and control over various aspects of society.

The phrase "tiny and closed fraternity of privileged men" alludes to a select group of individuals who hold considerable power and influence within a particular sphere. This characterization highlights the exclusivity and lack of diversity within such circles, suggesting that the decision-making processes and policies may not adequately represent or benefit the broader population. The term "fraternity" implies a sense of camaraderie and shared interests among the members, which may further reinforce the insular nature of their influence.

Agnew's reference to these individuals being "elected by no one" underscores the absence of democratic accountability in their appointment or selection. This raises questions about the legitimacy of their authority and the extent to which they are accountable to the public. The quote suggests that these privileged men operate within a framework that is detached from the principles of democratic governance, potentially leading to a lack of transparency and responsiveness to the needs and concerns of the wider community.

Furthermore, the mention of these individuals "enjoying a monopoly sanctioned and licensed by government" draws attention to the role of governmental approval in consolidating their dominance. This implies that the state, through its regulatory and licensing mechanisms, may have contributed to the entrenchment of their privileged position, potentially limiting competition and alternative voices within the given sector. The notion of a monopoly also raises concerns about the potential for abuse of power, stifling of innovation, and negative repercussions for consumers or citizens.

In a broader context, Agnew's quote can be interpreted as a critique of entrenched power structures, cronyism, and regulatory capture, wherein certain groups or entities wield disproportionate influence and control over economic, political, or social domains. This phenomenon is not limited to the government but can also manifest in corporate, institutional, or societal settings. The quote underscores the potential consequences of unchecked privilege and monopoly, including inequality, lack of representation, and erosion of democratic principles.

It is important to note that Agnew himself was a controversial figure, and his tenure as Vice President was marred by legal issues and resignation from office. However, the critique encapsulated in this quote transcends the individual and speaks to broader themes of power, accountability, and fairness within governance and institutions.

In conclusion, Spiro Agnew's quote encapsulates a potent critique of privileged and unaccountable power structures that operate with the imprimatur of the government, yet may not serve the broader interests of the public. The quote raises important questions about the nature of democracy, representation, and regulatory oversight, prompting reflection on the need for transparency, accountability, and inclusivity in decision-making processes and institutions.