Benjamin Studebaker

Yet Another Attempt to Make the World a Better Place by Writing Things

Tag: Economics

The Midterm Elections Don’t Matter

As the midterm elections approach, the political class is working very hard to increase voter turnout. President Biden has given a big speech accusing the Republicans of posing a grave threat to democracy. We are inundated with political ads in which the Democrats accuse the Republicans of plotting to ban abortion and the Republicans accuse the Democrats of causing inflation. None of the arguments offered by either side have much to do with reality, and it is increasingly difficult to find anyone who will even make a sincere effort to discuss what’s going on without incorporating distorted partisan messaging. If we look at the issues, it’s clear that the composition of Congress is not going to make much difference over the next two years.

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The Rump Professional Class and Its Fallen Counterpart

I’ve been thinking about the professional class–the class which sits between the wealthy billionaires and the ordinary workers. The professionals are college-educated and they are traditionally paid more than ordinary workers. But as economic inequality grows and the position of workers becomes more precarious, the professionals are less secure than they used to be. A university degree no longer guarantees a stable, robust standard of living, but it still separates those who have it from those who do not. Why? Because college students are socialised to pursue the degree as a means of demonstrating their merit. When that merit goes unrewarded, young would-be professionals grow very cross. They want their virtue to be recognised. Unable to earn more or enjoy a higher living standard than the workers, the would-be professionals retreat into the cultural realm. They use the language and ideas they learned at university to assert their moral superiority, gaining an imaginary victory over the workers. This condescension leads the workers to resent the professionals in turn, and makes it very difficult for these downwardly mobile professionals to form political alliances with the workers. All of this, of course, perpetuates the dominion of the rich.

To use a metaphor, the professionals are the house slaves of capitalism–they identify with the owners because they live better than the field slaves and are invited to participate in and contribute to the culture of the owners. But once they are deprived of their superior living standard and opportunity to culturally contribute, they can defend their feeling of superiority only by mocking the field slaves for being unable to read.

This is not to say that the whole of the professional class is going this way. Some college educated people still enjoy the economic and cultural advantages which historically belonged to all or most college-educated people. I want to explore how this group–what I call the “rump professional class”–interacts with the downwardly mobile group, which I call the “fallen professional class”.

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The Ungoverned Globe

I have a new piece out at Aeon on the liberal international order, its inadequacies, and the difficulties with replacing it. You can read it here:

https://aeon.co/essays/can-the-liberal-order-be-transformed-by-global-government

Why Bernie Sanders Matters More Than People Think

Every time I find a way to say that there is no one like Bernie Sanders, there are people who don’t believe me. Aren’t there other candidates who support the same policies he supports now? Some of them are younger. Some of them aren’t old white guys. Why can’t it be one of them, why can’t it be someone new? Over and over, I have tried to find ways to explain that there is a real difference between Bernie Sanders and everyone else. Today, as Sanders announces his candidacy for the presidency, I’m going to try one more time.

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How to Argue With an Old Conservative

Over at the The Wall Street Journal, Crispin Sartwell recently offered an argument against Sanders-style democratic socialism. Titled “How to Argue With a Young Socialist,” Sartwell clearly believes his argument to be a good one. The editors of the WSJ op-ed page certainly seem to have thought it’s worth printing. So I was shocked by just how poorly constructed it is.

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