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Michael Lind has written another good article

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jsmithsen Donating Member (68 posts) Send PM | Profile | Ignore Mon Aug-09-10 02:33 AM
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Michael Lind has written another good article
http://www.salon.com/news/opinion/feature/2010/08/03/myth_upper_middle_class/index.html

"The result has been an experiment in social engineering that has gone horribly wrong: the creation of a faux mass upper middle class. Millions of Americans who by objective standards belong to the working class or lower middle class have persuaded themselves that they are part of the professional-investor elite, because they have worthless degrees from diploma mills, negligible amounts invested in stocks, and suburban trophy houses they cannot afford. For the college graduates at Starbucks working to pay off student loans for degrees that they will never use, as for the millions of Americans who are now "underwater," owing more on their mortgages than their houses are worth, the American dream has turned into a nightmare.

But many have profited from the peddling of the dream of the mass upper middle class. The claim that everyone should go to college served the interests of the educational-industrial complex, from K-12 to the universities, that now serves as an important constituency of the Democratic Party. (Along with Wall Street investment banks, universities provided Barack Obama with his largest campaign donations.) And the claim that everyone needs to pour money into the stock market, to be managed by banks and brokers who fleece their clients, served the interests of the financial-industrial complex that has replaced real-economy businesses as the dominant force in the Republican Party. Both the educators and the brokers have successfully lobbied Congress to subsidize their bloated industries, swelling them even further, by means of tax breaks for student loans and personal retirement savings. The big losers have been the millions of working Americans whom many Democrats and Republicans alike have persuaded, against their interests, to indulge champagne tastes on beer budgets.
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He is trying to understand the material basis for the elites of both the Republican and Democratic party, as well as the economic and psychological pressures on the working class to compete in games not of their choosing.

To win over the American working class we will need to devalue the most recent 500 books we have read, forgotten and didn't write.
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