8/Another might have been finance. Recall that Michael Lewis was an art history major before he became a bond salesman.https://www.amazon.com/Liars-Poker-Norton-Paperback-Michael/dp/039333869X …
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17/One day you're mocking disappointed young elites for having inflated expectations, and the next day 10-term incumbent politicians are losing primaries to Democratic Socialist candidates.
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18/Disaffected young elites are the people the establishment should fear the most. The destitute masses don't have the bandwith or the resources for extended, effective political action to overthrow the system. Educated elites do.
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19/And note that even if you don't care about the fate of jilted history majors, this elite anger could be a very good thing. It could provide the political oomph necessary to force those in power to do things that actually help the poor and working class.
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20/It might be that the disaffection of the petit bourgeoisie is powerful enough to make government do things to relieve the suffering of the lumpenproletariat. It might be the *only* force powerful enough. Let's hope it works! (end)
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BTW, I forgot to mention that journalism jobs have also been vanishing...http://www.pewresearch.org/fact-tank/2018/07/30/newsroom-employment-dropped-nearly-a-quarter-in-less-than-10-years-with-greatest-decline-at-newspapers/ …
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And government jobs as well... https://www.bloomberg.com/view/articles/2018-09-07/jobs-report-government-work-has-been-going-out-of-style … Basically, all the traditional career paths for humanities and social science majors (and quite a few other folks besides) are crumbling all at the same time...
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And it's not just the underemployed history majors. There are a number of highly paid programmers who are frustrated with the useless crap which "the market" has designated them to produce.
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In some ways it seems worse to be considered highly useful by the market when you know you're producing things which are mostly useless to humanity.
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It should be remembered that most of the Bolshevik leadership were educated elites with no plausible opportunities.
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Check out the work of
@Peter_Turchin who has quantified the role of conflict among elites throughout history as the cause of wars and empire collapse. -
I would like to add that this 'offshoring' business has moved all the junior work elsewhere and left a growing population of folks never having the experience of getting their hands dirty doing the real stuff. We got a ton of folks with ambition but no real skills.
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Judging by the relation of the 80s to the 70s disaffected young elites change behavior when they become older elites. Might be different this time due to single/married ratios. But I’d be loath to bet on it.
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@Uh_Ham this whole thread - 1 more reply
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This is essentially the story of every European revolutionary movement/event from 1789 to 1918.
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Except that the Trump presidency wouldn't exist but for the destitute masses.
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Say what you will about their other policies,Mao and similar figures understood the danger
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Never thought I'd see Neo-Blanquists! But here we are.
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The best educated elites are all in
#bitcoin and fat tails. Just saying :)Thanks. Twitter will use this to make your timeline better. UndoUndo
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