There’s much talk today, from left and right, about threats to democracy, yet little focus on the social dynamic critical to its survival. In this respect, we may see the current, and troubling, escalation of violent political rhetoric, and even political violence, not so much as the cause of polarization but the result of changing class dynamics, most notably the increasingly perilous state of the yeoman middle class.
Housing is an industry, but it is also where people live, raise families, and stake their future. Yet increasingly, all around the world, housing has increasingly become just a commodity to be traded, often by foreigner investors, notably from China, as well as by large well-capitalized financial institutions who plan to cultivate a generation of lifelong renters. In the notorious words of the World Economic Forum, “You will own nothing, and love it.” Well, you may not love it, but the first part is coming true.
By: News
On: Mind Matters
In a column yesterday at Spiked, urban studies specialist Joel Kotkin, author of The Coming of Neo-Feudalism: A Warning to the Global Middle Class (2020), provided depressing evidence that the power of Big Tech is beginning to genuinely resemble the power medieval lords had over their serfs. It’s not just an office joke any more.
By: Louise Perry
At: The New Statesman
The final report from the Times Education Commission, set up in 2021 to examine the future of education in Britain, makes for very grim reading indeed. It states clearly that the government wittering on about literacy and numeracy has little relevance for schools in the most deprived parts of the UK. Not when some four- and five-year-old children are unable to say their own names, and others are still using baby bottles and asking for “bot-bot” when thirsty, incapable of forming a sentence as complex as, “Can I have a drink?”
We Americans like to think of ourselves as a thoroughly modern people — living proof of what, with enough toil and grit, the rest of the free world can one day hope to be. And yet for all our progressivism and idealism, America’s political culture finds itself unable to escape the past. We may be living in a 21st century democracy, but that “democracy” increasingly resembles something that could have been plucked out of feudal Europe or, perhaps more accurately, feudal Japan.
The notion that “the arc of history” favors humanity extends across the political spectrum from George W. Bush to Barack Obama. Yet rather than facing the dawn of a progressive future, we may be entering “the great regression,” a period where the world becomes more hierarchical and feudal, less prosperous, and much less free.
A decade or two ago, optimism was buttressed by the economic boom that followed the end of the Second World War and was further extended by the collapse of Communism. This “end of history” moment seemed to be the dawn of a future that was more like Star Trek, with advanced technologies used to deliver universal prosperity under a regime of enlightened rulers. Instead, today’s new world order is a springtime for dictators, revanchist ideologies, and the pitiless global struggle for supremacy.
In place of the broad-based prosperity enjoyed by Europe, Australia, and North America that gave birth to capitalism and modern democracy, those regions have become more feudalistic, hierarchical, and profoundly unequal. The middle class, which was critical in destroying feudalism and ushering in the prosperity of the modern world, has lost ground to a small aristocracy of financiers, as corporate and tech hegemons have increased their power over the global economy.
Once-dynamic Western societies are now stagnating as they did in feudal times. Median incomes have stayed flat while the populations of post-industrial societies are growing slowly or not at all—a problem exacerbated by the COVID-19 pandemic. The mid-20th-century liberal “golden age” has receded under the rising tide of autocracy. Indeed, according to a recent study by Sweden’s University of Gothenburg, nearly 70% of the world’s population lives under some kind of autocracy, including illiberal electoral regimes, up from 50% in 2011. Belief in democracy is also declining, most disturbingly among young people who are intimately acquainted with the shortcomings of Western liberal democracies but have no historical memory of what life was like under previous autocracies.
Although the united Western response to Vladimir Putin’s invasion of Ukraine offers some hope of a revived liberal alliance, the most likely solutions to the crisis will come from deals struck between monarchs fighting over turf and prestige. While no one is expecting the UN bureaucracy to broker a solution, dictators like Turkey’s Recep Tayyip Erdogan have a vital role to play. At the moment, global oil shortages have already empowered autocrats in Saudi Arabia, the United Arab Emirates, Qatar, and Venezuela. Soon Iran’s mullahs, saved by Europe and the United States, will see their own windfall as Western nations purposely surrender their capacity to generate energy on their own.
The United States’ failure to prevent Russia’s strategic dominance of Europe’s energy sector or China’s relentless drive for global preeminence is not a predetermined fact of history—rather, it reflects choices made by our ruling establishment. Rather than seek, as in the past, to boost the United States’ productive power with investment in manufacturing and energy, corporate and political elites in the United States have comprehensively demonized and dismantled precisely those industries in the name of a green ideology that Joel Garreau calls “the religion of choice for urban atheists.” It is no coincidence that the very industries that tend to spread wealth to ordinary workers, enrich owners, and support an independent middle class are portrayed as being full of deplorables and contributing to the climate apocalypse. Like the early Christians, today’s climate activists employ religion to strangle dissent and control opinion.
Read the rest of this piece at The Scroll.
Joel Kotkin is the author of The Coming of Neo-Feudalism: A Warning to the Global Middle Class. He is the Roger Hobbs Presidential Fellow in Urban Futures at Chapman University and Executive Director for Urban Reform Institute. Learn more at joelkotkin.com and follow him on Twitter @joelkotkin.
By: Ed West
On: UnHerd
Today the richest 40 Americans have more wealth than the poorest 185 million Americans. The leading 100 landowners now own 40 million acres of American land, an area the size of New England. There has been a vast increase in American inequality since the mid-20th century, and Europe — though some way behind — is on a similar course.
These are among the alarming stats cited by Joel Kotkin’s The Coming of Neo-Feudalism, published just as lockdown sped up some of the trends he chronicled: increased tech dominance, rising inequality between rich and poor, not just in wealth but in health, and record levels of loneliness (4,000 Japanese people die alone each week, he cheerfully informs us). Read more
By: GB news
On: The Discussion
Joel Kotkin joins host Inaya Folarin Iman to talk about the populism revival.
Joel talks with Inaya about the recent truck driver protests in Canada, the ways in which pandemic policies have contributed to the frustrations of the middle and working-class, how political leaders are failing to address the issues that most affect the working-class, the effect of social media on public debate, and more.
By: Jane Wells
On: Wells Street
One of the funny things about being human is that no matter how successful we are, we always end up doing something stupid. I prove this point hourly. The hope is that over time we learn from our mistakes and don’t repeat them.
But who am I kidding?
So let’s get to it! Here’s a summary of dumb moves from Wall Street to Main Street to Tokyo. Read more
By: Here Comes Everybody Podcast
On: The Solo Project
“The great thing about this migration is the ability for reinvention. And the ability for reinvention is directly tied to innovation and entrepreneurship.”
Kotkin has written about every conceivable form of entrepreneurship. He is, in fact, a career soloist himself.
These days, it seems that everyone — and in particular soloists — are moving somewhere.
In this episode, Kotkin tells us exactly where we’re going — and why. Tap the play button below to listen.
Read more
Join the conversation at Twitter
or Facebook. Visit our YouTube
channel or subscribe to RSS
to read our latest articles.
