25 October 2006

A bourgeois uprising?

Now this is ironic.

Isn't the bourgeoisie what modernity is all about? The death of religion, the focus on creature comforts, success in the here and now, yada yada.

Oh right. We're past that. It's not enough to just be comfortable anymore. There goes the American Dream. We're post-modern now.

Got it.

...the hopes and dreams of today's educated class are based on the idea that market capitalism is a meritocracy. The unreachable success of the superrich shreds those dreams.

"I've seen it in my research," says pollster Doug Schoen, who counsels Michael Bloomberg and Hillary Clinton, among others. "If you look at the lower part of the upper class or the upper part of the upper middle class, there's a great deal of frustration. These are people who assumed that their hard work and conventional 'success' would leave them with no worries. It's the type of rumbling that could lead to political volatility."

Lower uppers are professionals who by dint of schooling, hard work and luck are living better than 99 percent of the humans who have ever walked the planet. They're also people who can't help but notice how many folks with credentials like theirs are living in Gatsby-esque splendor they'll never enjoy.

There's only so much of this a smart, vocal elite can take before the seams burst - and a bilious reaction against unmerited privilege starts oozing from every pore. Especially when it's clear to lower uppers that many ultras are reaping the rewards of rigged systems: CEOs who preside over tumbling stock prices, hedge fund managers who barely beat the market.

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