Shift in power dynamics between classes from "summary" of The New Class Conflict by Joel Kotkin
The idea of a shift in power dynamics between classes is crucial to understanding the dynamics at play in our society today. Traditional distinctions between classes, based mainly on economic factors, are now being challenged by a new set of factors that are reshaping the balance of power. In the past, the working and middle classes were seen as the backbone of society, with the wealthy elite holding most of the power and influence. However, today we are seeing a new class emerging - what some call the "new oligarchs" - who are not just economically powerful but also hold significant sway over cultural, political, and technological realms. This new class is made up of individuals who have amassed wealth through sectors such as tech, finance, and media, and who now wield immense power and influence in shaping the direction of society. They are not bound by traditional class distinctions and...
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