Since holding irrational beliefs tends to result in eventually loosing one's wealth and power,
I'm not sure this is true because of standby-rationality mode. Also known as hypocrisy.
Standby-rationality mode isn't nearly as good as actual rational reasoning. Also hypocrisy creates cognitive dissonance (both in individuals and institutions) that tends to be resolved by actually adopting the (false) beliefs one is claiming to believe.
Suppose I told you that I knew for a fact that the following statements were true:
You’d think I was crazy, right?
Now suppose it were the year 1901, and you had to choose between believing those statements I have just offered, and believing statements like the following:
Based on a comment of Robin Hanson’s: “I wonder if one could describe in enough detail a fictional story of an alternative reality, a reality that our ancestors could not distinguish from the truth, in order to make it very clear how surprising the truth turned out to be.”1
1Source: http://lesswrong.com/lw/j0/making_history_available/ewg.