Does a second Obama administration mean the further entrenchment of a "new clerisy"? That's the argument put forth
by writer Joel Kotkin, who thinks the shift away from an economy of tangibles to one of virtual goods and services - think Facebook and the like - privileges folks who prefer Democratic politics. And who aren't shy about it.
While rejecting the idea that Obama represents "socialism," Kotkin does claim that the President's coalition of backers favors the federal workforce. But also media, the tech industry and academia. In short, those that form opinion and help spread it. The bread n' butter industries of oil extraction, housing construction and agriculture
, suggests Kotkin, and the industries hawking mass culture in
"Unlike traditional capitalist power groups," explains Kotkin, "the clerisy's power derives not primarily through economic influence per se
but through its growing power to inform opinion and regulate everything from how people live to what industries will be allowed to grow, or die."
So why is this a problem? Because among other things, it means a systematic rearrangement of economic winners and losers, all taking place in a kind of culture war fog.
"Unfashionable companies - oil firms, agribusiness concerns, and suburban homebuilders - will face tougher times from regulators and the mainstream media," warns Kotkin.
Via New Geography