"Elites outside of the very top found themselves falling further behind their supposed cultural peers, without being able to look forward to rapidly rising incomes for themselves."
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"The purposelessness of many professional careers in the capital accumulation economy starkly contrasts with the growing number of unaddressed needs in the public sector."
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"Conservative donor gatherings are somehow even more pathetic. Most of the attendees are there only because they are not smart enough to recognize that the Democratic Party offers a far more effective reputation laundering service."
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"What is remarkable about today’s oligarchy is not its ruthlessness but its pettiness and purposelessness. An all-consuming megalomania might at least produce some great art as a side-effect. But this collection of mediocrities cannot even do that."
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"future historians of American collapse will find something truly exceptional: capitalism without competence and feudalism without nobility."
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fin this was a good read. As close as I've seen anyone come to clearly stating the core problem of the Great Weirding.
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The most important insight I got out of this was how Warren and Sanders each solve one half of the problem but make the other half intractable. In predictive terms the paradox results in: Sanders could win the election, but probably not the nomination. Warren other way around
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I think the tldr is: the laboring class is politically still potent but economically a deadweight loss and everybody (including they themselves) knows it and has acknowledged it. The professional class still thinks it has a shot at resurrection.
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So on the narrow question of winning POTUS, the right candidate would be a mix of Obama and Trump: promise hope to the elites and the chance to bloody a few noses to the laboring class. The paradox being they want to bloody the noses of the class looking for hope.
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One solution: run for POTUS on campaign promise of a Purge, but where elites get free guns, and if they survive, they get UBI and climate action. The masses get to mount the heads of any elites they take down on spikes. 0.1% capital winners will be parked in orbit during Purge
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End of conversation
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"Any new realignment of the professional class, however, is complicated by the legacy of its previous turn toward neoliberalism. For this group, the embrace of markets and consumerism **did not work out the way either its proponents or critics predicted.**"