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The Fate of the Middle Class

The Ownership Wars: Who Owns You

This flow traces the middle class from buffer between capital and labor to a shrinking population exposed to the same insecurity as workers.

increasingupBearing stren­gth in each eventdowndecreasing
The Protective BufferThe Protective Buffer from "The Ownership Wars: Who Owns You". The Protective Buffer Between Classes The book describes the middle class as a social layer that softened conflict between owners and workers.
The Protective Buffer Between Classes The book describes the middle class as a social layer that softened conflict between owners and workers. Its members often administered, defended, and culturally legitimized the system above them. They could imagine advancement because the elite seemed reachable. Collaboration This hope made them reliable agents of property rather than natural allies of labor.
The Class AspirationsThe Class Aspirations from "The Ownership Wars: Who Owns You". The Class Aspirations Borrowed Status Middle-class conservatives are described as identifying upward with wealth and downward against workers or minorities.
The Class Aspirations Borrowed Status Middle-class conservatives are described as identifying upward with wealth and downward against workers or minorities. Their politics protects the possibility of becoming elite more than present material interests. Status anxiety replaces solidarity. The Political Service The class becomes a cultural enforcement arm for the Ownership Class.
Automation’s PressureAutomation’s Pressure from "The Ownership Wars: Who Owns You". Automation’s Pressure Jobs Disappear Technology and automation begin to erode middle-class employment as effectively as working-class jobs.
Automation’s Pressure Jobs Disappear Technology and automation begin to erode middle-class employment as effectively as working-class jobs. The buffer between labor and capital contracts. Economic security becomes less credible, and the promise of upward mobility weakens. Shared Vulnerability The middle class is pushed toward the same insecurity it once helped administer.
The Shrinking BufferThe Shrinking Buffer from "The Ownership Wars: Who Owns You". The Shrinking Buffer Concentrated Wealth As the middle class shrinks, wealth flows toward a smaller group of owners.
The Shrinking Buffer Concentrated Wealth As the middle class shrinks, wealth flows toward a smaller group of owners. The social structure begins to resemble the stark class divisions associated with the nineteenth century. The book sees this as a dangerous return rather than a natural cycle. Revolutionary Potential A common condition could create solidarity, but only if cultural division is overcome.
The Choice of AllianceThe Choice of Alliance from "The Ownership Wars: Who Owns You". The Choice of Alliance Downward or Upward The middle class can continue defending relative privilege or join workers against concentrated ownership.
The Choice of Alliance Downward or Upward The middle class can continue defending relative privilege or join workers against concentrated ownership. Its decision will determine whether the elite remain secure. The book treats neutrality as impossible. Historical Consequence A broad alliance could produce democratic transformation; continued resentment could produce authoritarian populism.
In the historical account of capitalism
During the discussion of conservative identity
In the discussion of technological change
After the automation argument
Near the conclusion of the class analysis