The corporate oligarchy and the regulatory clerisy against small business owners, the middle class and the working class.

From The working classes are a volcano waiting to erupt by Joel Kotkin.  The subheading is Workers across the world are being squeezed from all sides. They won’t put up with it forever.  

Whatever the final outcome, the recent French elections have already revealed the comparative irrelevance of many elite concerns, from genderfluidity and racial injustice to the ever-present ‘climate catastrophe’. Instead, most voters in France and elsewhere are more concerned about soaring energy, food and housing costs. Many suspect that the cognitive elites, epitomised by President Emmanuel Macron, lack even the ambition to improve their living conditions.

The French elections reflect the essential political conflict of our time. On one side, there is a powerful alliance between the corporate oligarchy and the regulatory clerisy. On the other, there are two beleaguered and angry classes – the small-business owners and artisans, and the vast, largely unorganised service class. The small-business class generally tends to favour the populist right, whether in America, Australia or Europe. These people want the government out of their business and to be left alone. Meanwhile, workers tend towards the populist left, which promises to relieve their economic pain.

Lots of good data, links and argument in the article, making it well worth a read.