Class and recession

Our elites:

In short, all of these people – the journalist, the economist, and the government bureaucrat-lifer — belong to the meritocratic elite, the best and the brightest, the people with SATs high enough to go to Georgetown, Harvard, MIT, Stanford, GWU. They are fully credentialed members of the New Class expertocracy. None of them has apparently ever held a non-New Class job or run their own business and depended on it for a living, and I doubt if any of members of their social circle have, either.

Is it really so surprising that they just don’t get the clear class bias inherent in our current trade, manufacturing and economic situation? Clearly, the 2-3 million jobs lost to our brilliant globalization policy (still clutched dearly to the chest of all right-thinking economists, and, of course The Economist) didn’t really matter…to the people who matter.

And, of course, criticism of this class is going to be pretty limited in a social order in which all of the authority and all of the media and, increasingly, all of the money are controlled by New Class members, popping up to block every exit like the multiple characters played by Peter Sellers in "Dr. Strangelove."

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