Monday, March 31, 2008

"Recession? If you say so. Things are exactly the same down here."
- William Gillis

I think he's spot on here, except that to call privileged workers "upper class" is a severe semiotic error, IMO. As far as I'm concerned the "upper class" are the people that are behind the croupier's stick, not the ones at the gaming table, no matter how well they have the odds stacked for them.

Your average "suit and tie" person is not upper class, though they may be a useful dupe of the upper class. What IS good is that these people will begin to wake up to the fact that there is a much larger game at work, and that they haven't necessarily "made it" at all.

For many of us, living on the periphery of "the economy", a financial collapse will only help us in terms of relative purchasing power. Productive Labor must receive a wage high enough to reproduce itself, no matter how it's denominated. This fact is actually a cause for much of the concern of the ruling class. They've squeezed and squeezed and there's not that much "maneuvering room" left for them. They can crush the "upper middle class" now, and wring some profit away, but then what? Not to mention the political instability that will cause, when the "silent majority" starts to identify with the rest of us. Their only hope will be to cause enough cultural division and conflict to keep us at each others' throats a little bit longer.

And so they shall try. Expect to see more "identity politics" and pseudo-christian "culture war" issues in the media soon.

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