I've spent my career working in public policy circles, and this rings true to me. > At most, working-class voters can cast their ballots for an “unacceptable” candidate, but they can exercise no influence on policy formation or agency personnel, much less on governance areas that have been transferred to technocratic bodies. > Unlike the working class, the professional managerial class is still capable of, and req…
Gay people can get married in America, which was completely unthinkable a generation ago. 100% due to activists, many who risked their lives to make it happen.
The Real Class War
271–280 of 634 posts
Re: The Real Class War
#272Earlier quoted context omitted.
The pie may have grown, but aside from labor in the Global South, the people who have captured the gains from that growth have been the capital class in the developed nations (i.e not blue collar workers or the professional class). And no, getting some of your compensation in stock options doesn't make you apart of the capital class, unless you can stop working.
> the people who have captured the gains from that growth have been the capital class in the developed nations (i.e not blue collar workers or the professional class) Wrong. Middle-class Americans have captured gains through cheaper, higher-quality products than would have otherwise existed without trade and development. Are you using a phone made in China, or wearing clothes made in Bangladesh, or eat fresh fruit in…
Cheaper products, sure, but higher quality? Retailers like Walmart and Amazon are essentially operating cartels, they dictate the prices they are willing to pay for manufactured goods. For manufacturers to meet these demands, cuts will have to come from somewhere--cheaper materials, less R&D etc. Consumers may benefit in a cheaper price for their widget, but that widget is not as likely to have the service life it would have in the past. Shorter service life results in buying 'cheaper' goods at a higher frequency (which is likely to result as a net loss for the consumer). This is rhetorical, yes, but not hard to defend. Clothing, appliances, electronics (in price-point verticals) all reflect this 'trend'. This is not even going in to 'Planned-Obsolescence', which is another symptom of the same problem.
Re: The Real Class War
#273Earlier quoted context omitted.
Sure, but "growth" isn't some physical thing that the very wealthy might have stolen. "All the income growth has gone to the very wealthy" means the same thing as "Income growth has paused, with an exception among the very wealthy".
Except that they have stolen it. Through lobbying and other means, they've gotten the laws changed so that it's much easier for them to hoard vast amounts of money and not be taxed on it (low capital gains taxes, offshore tax shelters, etc). Simultaneously, they've gutted the power of unions, reduced social safety nets, and convinced a huge chunk of America that the ones that are really to blame are other poor people…
Re: The Real Class War
#274I've spent my career working in public policy circles, and this rings true to me. > At most, working-class voters can cast their ballots for an “unacceptable” candidate, but they can exercise no influence on policy formation or agency personnel, much less on governance areas that have been transferred to technocratic bodies. > Unlike the working class, the professional managerial class is still capable of, and req…
As a result, the managerialists double down on what makes them different from techs, which means being extra airy, vague, political, and what most working people interpret as untrustworthy. It's practically a shibboleth, as if to say they don't need to seem honest because they are powerful. I don't think this managerial class is as necessary as people who are a part of it think.
The class disconnect is more pronounced in recent years because of the stark differences in physical competence and the precarious status of people who imagine themselves as "elite." What they deride as populism is much more complex than they perceive. Working people expect their elites to at least be somewhat noble, and when they aren't, history is the story we tell about what happens to them.
Re: The Real Class War
#275What is often forgotten is the hyperdeflation of technology. All your gadges would be worth many millions in pre 2000 dollars. Your car is probably better in many ways than a million dollar car from 1980.
Re: The Real Class War
#276> But it is precisely for these reasons that the working class is unlikely to be decisive in shaping politics for the foreseeable future. However one defines the working class, it has scarcely any political agency in the current system and no apparent means for acquiring any. At most, working-class voters can cast their ballots for an “unacceptable” candidate, but they can exercise no influence on policy formation o…
In a nutshell, public choice theory. Try The Myth of the Rational Voter by Bryan Caplan which explores the phenomenon from a systems standpoint without being especially partisan or ideological.
Re: The Real Class War
#277Earlier quoted context omitted.
> For most billionaires the answer seems to be that you buy a moderately upgraded version of all the stuff you had when you were middle class, I don’t think you know what billionaires live like. Either that or the middle class you refer to is something very different from the one in the states. A 150ft yacht that you fly to with your helicopter from an airport you landed at with your private plane isn’t really relata…
A 150ft yacht is exactly the upgraded version of a fishing boat from a 1950s driveway in a newly minted middle class neighbourhood.
Re: The Real Class War
#278Earlier quoted context omitted.
How is theft of trade secrets going to undermine draconian copyright laws? Two wrongs don't make a right.
Two almost completely unrelated wrongs don't make anything.
Re: The Real Class War
#279These two groups seem diametrically opposed to each other, much more so that they are with the actual elite or with the actual working class.
Re: The Real Class War
#280Earlier quoted context omitted.
I agree that there can be more equitable distribution. I struggle with why seizing wealth through taxes is the current war drum being beat. I think the most productive means to making wealth would be stressing the importance of investing and compound growth as part of the high school curriculum. Note: That's where my idea ends right now, I don't have a viable implementation path
Nobody gets rich through starting out with few resources, working diligently, and investing/compounding their wages. It's possible to become financially independent that way if one is smart and lucky, but not rich. By 'financially independent' I mean you can stop working for other people without putting your survival at risk. If you want to be rich you either need to start out with money (giving you bargaining power…