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This theory posits that ruling-class ideology operates in cycles. During periods of stability, the elite maintain hegemony by framing their interests as universal (e.g., "a rising tide lifts all boats"). However, during times of crisis or perceived threat to their power, this narrative collapses, and they enter a phase of "open elitism." In this phase, they abandon [universalist] language and explicitly argue for policies that create a two-tiered society—luxury for themselves and austerity for everyone else. The "[out of the closet]" metaphor is apt because it signifies a shift from implicit, structural bias to explicit, [rhetorical] class warfare from above.
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