Need for a new social contract from "summary" of The New Class Conflict by Joel Kotkin
The crumbling of the old social compact, largely formed in the wake of World War II, has left a chasm between the powerful and the common people. The erosion of this agreement has led to a disintegration of the middle class, with wealth becoming concentrated in the hands of a select few while the majority struggle to make ends meet. The rise of a new elite, made up of tech moguls, financiers, and media personalities, has further widened this gap, leaving many feeling disenfranchised and marginalized. This new class conflict is not just about economics; it is also about culture and values. The elites, who dominate the media, academia, and entertainment industries, push a narrative that is often at odds with the beliefs and traditions of the working and middle classes. This clash of worldviews has only served to deepen the divide between the two groups, leading to a breakdown in social cohesion and trust. In order to bridge this gap and create a more equitable society, there is a pressing need for a new social contract that reflects the realities of the...
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