Class War is Just Beginning

Subject: Class War is Just Beginning Thu Jan 06, 2022 4:14 pm

Seismic economic and demographic changes will feed division and conflict.

Class War is Just Beginning GettyImages-918027764

With the seeming deconstruction of the Biden Administration proceeding at a rapid clip, many on the right hope for an end to the conscious stoking of class resentments that has characterized progressive politics. Yet despite the political meltdown, America’s class divides have become so wide, and so bitter, that Biden’s presidency may prove more a prelude than a denouement for the future of class warfare.

Under both parties, American society, traditionally egalitarian, at least in theory, has become ever more divided by financial class. Today, the Federal Reserve demonstrates that the top one percent have more assets than the 60 percent who occupy the middle rungs. The remarkable rise of the tech oligarchy has paced this change, creating a gusher of wealth for the chosen few, including youthful, unproven start-up CEOs turned instant billionaires—as well as an unprecedented boom on Wall Street. The pandemic has accelerated this trend, vastly enriching the elites, and raising executive salaries to the highest ever. Meanwhile much of the working and middle classes may become increasingly dependent on what Marx called “the proletarian alms bag.”

In the process, the traditional ballast of American politics—a striving aspirational middle and working class—has been decimated. Our system rests on the notion of class mobility in both directions, without which everything devolves into a struggle over limited assets. Not surprising, notes Pew, most Americans are alienated from the political system. Roughly half of all Americans see capitalism as causing more harm than good, notes the recent Edelman trust survey, and a large majority fears being “left behind” economically. The prelude to autocracy and an expanded state, whether in twentieth century Europe or places like Chile today, rests upon alienation and a market that seems incapable of providing opportunities for the most families.

.https://americanmind.org/salvo/class-war-is-just-beginning/?fbclid=IwAR3nCREzdDlmbjvq5-OFluBR5m95-RNhAoOxTARppZYWRWAEPg-QHWiVwfU

Class War is Just Beginning

Class War is Just Beginning

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