As over-leveraged investment houses began to fail in September 2008, the leaders of the Republican and Democratic parties, of major corporations, and opinion leaders stretching from the National Review magazine (and the Wall Street Journal) on the right to the Nation magazine on the left, agreed that spending some $700 billion to buy the investors' "toxic assets" was the only alternative to the U.S. economy's "systemic collapse." In this, President George W. Bush and his would-be Republican successor John McCain agreed with the Democratic candidate, Barack Obama. Many, if not most, people around them also agreed upon the eventual commitment of some 10 trillion nonexistent dollars in ways unprecedented in America. They explained neither the difference between the assets' nominal and real values, nor precisely why letting the market find the latter would collapse America. The public objected immediately, by margins of three or four to one.Indeed they do! Read his entire analysis of how and why this technocracy rose to power in our times here.
When this majority discovered that virtually no one in a position of power in either party or with a national voice would take their objections seriously, that decisions about their money were being made in bipartisan backroom deals with interested parties, and that the laws on these matters were being voted by people who had not read them, the term "political class" came into use. Then, after those in power changed their plans from buying toxic assets to buying up equity in banks and major industries but refused to explain why, when they reasserted their right to decide ad hoc on these and so many other matters, supposing them to be beyond the general public's understanding, the American people started referring to those in and around government as the "ruling class." And in fact Republican and Democratic office holders and their retinues show a similar presumption to dominate and fewer differences in tastes, habits, opinions, and sources of income among one another than between both and the rest of the country. They think, look, and act as a class.
Ross Douthat, writing in the NYT, notes the rising class conflict and ascribes it to the role of elite universities as gatekeeper to the ruling class. He writes:
The most underrepresented groups on elite campuses often aren’t racial minorities; they’re working-class whites (and white Christians in particular) from conservative states and regions. Inevitably, the same underrepresentation persists in the elite professional ranks these campuses feed into: in law and philanthropy, finance and academia, the media and the arts.Then he invokes the ludicrous analysis of Richard Hofstader, who saw "paranoia" as an essential feature of American political culture.
This breeds paranoia, among elite and non-elites alike. Among the white working class, increasingly the most reliable Republican constituency, alienation from the American meritocracy fuels the kind of racially tinged conspiracy theories that Beck and others have exploited — that Barack Obama is a foreign-born Marxist hand-picked by a shadowy liberal cabal, that a Wall Street-Washington axis wants to flood the country with third world immigrants, and so forth.Douthat's solution to the emerging cultural divide? Greater sensitivity on the part of elite college admissions boards. Yeah, Ross. That will do it.
Among the highly educated and liberal, meanwhile, the lack of contact with rural, working-class America generates all sorts of wild anxieties about what’s being plotted in the heartland. In the Bush years, liberals fretted about a looming evangelical theocracy. In the age of the Tea Parties, they see crypto-Klansmen and budding Timothy McVeighs everywhere they look.
Read it here.
I understand that Rush Limbaugh is devoting his entire show today to discussion of Codevilla's article.
And Janet Daily, writing in the Telegraph, picks up its major themes [here].
Liberal politics is now... a form of social snobbery. To express concern about mass immigration, or reservations about the Obama healthcare plan, is unacceptable in bien-pensant circles because this is simply not the way educated people are supposed to think. It follows that those who do think (and talk) this way are small-minded bigots, rednecks, oiks, or whatever your local code word is for "not the right sort".
And check out Richard Fernandez' riff on the article over at Pajamas Media [here].
And Victor Davis Hanson picks up the theme here.