The ranks of the professional class have exploded during the rise of neoliberalism -- signaled by the explosion in college enrollments and the migration into mega-cities, compared to the populist New Deal era when hardly anyone was maximizing their career ambitions, and when they were content to stay close to their humble geographic origins.
Expanding the share of the population that is professional, or professional-aspiring, necessarily shrinks the share of the population that is working-class. And therefore, empowers the professional class, while neutering the working class. Not to mention concentrating more wealth and power in the mega-cities, while robbing it from everywhere else, including urban areas that are just not in the top tier.
A populist or socialist outcome would be for this top-heavy distribution to shed a bunch of slots in the upper layers, reducing the power of professionals to collectively hoard as much as they can, and increasing the collective power of workers to get more of it for themselves -- while remaining in their working-class jobs.
Thus, "college for all" is an anti-socialist goal. It would only worsen these tensions by further depleting the working class of members, turning everyone into strivers. The goal is for working-class people to earn more income, enjoy more benefits, have more humane working conditions, and exercise more control over how their workplace is run. They can only do that by sacrificing individual ambition for the greater good of collective bargaining power. Feeding them all into a college program, in pursuit of professional careers afterward, would make hyper-competitive individualists out of the entire nation.
The upcoming recession is going to be far worse than the 2008 financial crisis, since none of the underlying problems were addressed -- indeed, they were encouraged to fester and grow. The so-called recovery was merely the central bank printing over $4 trillion out of thin air, and handing it out to rich morons to gamble on whatever struck their fancy (quantitative easing).
Those middlemen restricted these trillions of free dollars that the central bank handed them, to the professional class and above. None of it was spent in a way that could create well-paying and humane jobs for the bottom 80% of society. This make-work program for the elites is the Shark Tank economy -- strivers competitively begging for funny-money that the investors had gotten for free ultimately from the central bank.
After the coming financial crisis, though, the central bank will not be able to do the same thing. The success of the last / current project of quantitative easing owed to belief that it would be undone over the course of the recovery. Supposedly, the central bank was not permanently monetizing a shitload of debt that it took on via creating the over $4 trillion that it handed out to the financial elites. That was only supposed to be an emergency measure, and the central bank would contract the money supply that it had so massively inflated.
So, everyone treated the funny-money as though it were real -- if you had a social connection to the central bank, through however-many layers of financial middlemen, congratulations! You could live like kings and queens, despite doing unproductive work.
Only now that the central bank has failed to minimize its debt burden, and has already announced further rounds of quantitative easing -- to zero positive effect in the stock market, contrary to the original rounds -- the jig is up. There is no credibility left to the idea that they can just create another $5 trillion or $10 trillion, hand it out to rich morons, who dole some of it out to the top 20% of society, and somehow that emergency measure will correct and solve itself.
So the professionals won't be living it up like they were during the Obama years. In fact, the crash will be worse than any we've seen because there is no higher financial power left to bail out the institutions that became compromised during the current bubble. Earlier neoliberal bubbles only took out a regional bank, hedge fund, sector (savings & loan), at most the big Wall Street investment banks in 2008.
But now the quantitative easing program has compromised the central bank itself, the one that prints the world's reserve currency no less. So that's it -- whereas the central bank could bail out the Wall Street banks last time, there is no central bank of the solar system that can bail out the de facto world's central bank.
On the bright side, though, all of these depopulated professionals will have no choice but to get real jobs and pursue working-class goals rather than whine for the continuation of a professional-class bubble economy, which is no longer do-able. It will be a boon for populism and socialism -- real socialism, not the SJW-ism of today's professional class.
I discussed this issue earlier, in the context of Bernie tanking his campaign by catering to these professional-class strivers with appeals to Nazi-hunting as the justification for socialist economic programs:
The only glimmer of hope is that the upcoming recession will be a Great Depression-level catastrophe, so painful that it forces the libtards to stop masturbating to their Nazi-hunting fantasies, and train their sights squarely on the real-world threats of laissez-faire, oligarchy per se, and inequality, uniting the great majority of the country in that fight to bring back order after decades of teetering neoliberal chaos.
Their fantasies are luxuries that can only be afforded during comfortable times, and so far the current economic bubble has yet to fully burst. If they were working-class, they would have been mired in hard times for awhile now, but they are all professional-class strivers who have benefited massively from Obama's re-inflation of the info-economy bubble.
Once the global central banks are no longer running the printing presses, the venture capitalists who fund their online media outlet will cut them off, and they will have to move back in with their parents in flyover country, bye-bye Brooklyn. Only when they are materially forced to re-join the human race will they be able to pursue a humanizing political project like socialism.
That proved to be timely, as one of these online media sites -- Splinter -- was just shuttered by its investors, who don't have an endless line of free credit at the central bank anymore. Time for their laid-off staff to move back to wherever they came from, and liberate themselves from the hyper-competitive shithole of Brooklyn.
It will be good for their moral fiber, and hopefully for working-class politics -- they'll have to shut their mouths about alienating culturally liberal bullshit, if they want their minimum-wage job to pay $15 instead of $7. There's no way for them to amass a huge movement to compel employers into raising wages, while shitting all over the majority of the country. Before, there was no cost to them for doing so -- now that they're part of the majority themselves, they have no choice but to conform and shut up about matters that are irrelevant to winning higher wages and better working conditions for themselves.
Final word goes to Aimee "The Vest" Terese, who detonated a bunch of the Splinter staff (and related people elsewhere) for their direct role in hamstringing Bernie's campaign by trying to push him into being an extreme leftoid rather than the culturally moderate populist he won so many people over with last time. These are only two remarks among many ("pmc" means professional-managerial class):
It sucks that a bunch of pmc's in Brooklyn have lost their jobs. Splinter was still a garbage website that ran relentless neolib propaganda.— Aimee Terese (@aimeeterese) October 10, 2019
This isn't emotional, it's structural. The working class isn't in a position to "extend" solidarity to the professional media gatekeepers whose journalism sets the agenda for the most important election in the world. You fucks collectively act against working class interests. 💋— Aimee Terese (@aimeeterese) October 11, 2019