No wonder, considering how he also dips into turds. The inherited elite form friendships that last from Boarding School through University to the City to the Club and to the grave. Around the table, be it High Table, the Board of Trustees, the House of Lords, or the Corporate Board Room in the City, old friends trade stories and favors, an honorary degree for a mistress, an encomium for a farm, a partnership in a shopping mall for an ambassadorship, a campaign contribution for a pardon. In that world Jowett teaches Classics to those who run the Empire in the manner of Roman Equestrians. The priest from the pulpit uses Latin, not the vulgate.
Democracy is for shopkeepers.
Morality is for servants. Taste like accent marks a social boundary. God save the King. In his eloquent book, The Gift, Lewis Hyde provides a sympathetic reading of Pound. The poet hated Jews because he associated them with rootless commercial culture.