Tag Archives: class structure

Branko Milanovic explains why Marx's historical analysis of socio-economic phenomena remains not only relevant but also preeminent, based on a few key insights. While he does not identify as a Marxist or even a Marxian, he credits the important influence of Marx on his thinking.There are no non-trivial economic phenomena that are not socio-economic, and Marx is the analyst that put his finger on the how and why. While it would be a mistake to dogmatize Marx, it would also be a great mistake...

Analysis from the left mostly about British politics but inclusive of all aspects of neoliberalism as the policy, strategy and tactics of elite power. Says "long read," but it is not that long. Worth a read even if you are not British since it is also an analysis of elite power as it relates to national politics and neoliberal globalization. Let's hope Cook is correct in seeing the wave cresting. The question then becomes will the breaking of the wave result in world war as the elite...

The premise and promise of capitalism, going back to Adam Smith, have been that global wealth would increase and serve as a benefit to all of humanity.2 However, the experience of recent decades has challenged those claims: while global wealth has indeed grown, most of the increase has been captured by a small group at the top. This has continued into the“recovery” in the United States and globally. The result is that an obscenely unequal distribution of the world’s wealth has become even...

"Out of sight, out of mind." Stumbling and Mumbling On class separation Chris Dillow | Investors Chronicle

The prevailing orthodoxy in terms of class identification over the last few decades has been through the nexus of lifestyle choices and job roles. Indeed, this understanding of class in the subjective sense has, since the emergence of neoliberalism four decades ago, been in the ascendancy while conversely, the recognition that class is an objective category measured in terms of ones relationship to the means of production, has been in retreat.... Renegade Inc.Class MattersDaniel Margrain

Punxsutawney Phil Hammond, the UK chancellor, presented his Budget yesterday and declared five more years of austerity for Britain. As was to be expected. One doesn’t even have to go into the details of the Budget to understand that it is a dead end street for both the country and for Theresa May’s Tory party.So why the persistent focus on austerity while it becomes clearer every day that it is suffocating the British economy? There are many answers to that. Sheer incompetence is a major...

The American aristocracy want inequality of rights, with two basic polar-opposite classes: the ‘elite’, with themselves at the top of everything, and everybody else below them, as subjects to be ruled by them, in such ways as they (themselves, and their fellow ‘elite’) can agree to do. They are convinced that they have earned their high status, in one way or another, and they compete ferociously amongst themselves, to rise even higher within the aristocracy. This is the essence of...

Class again. It affects everything. Stumbling and Mumbling The Social Mobility Lie Chris Dillow | Investors Chronicle