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- Title
The Coming of Neo Feudalism: A Warning to the Global Middle Class.
- Authors
Batabyal, Amitrajeet A.
- Abstract
"Liberal capitalism" has been successful in providing opportunities to many to improve their lives, in creating upward mobility for large numbers of people, and, in particular, in creating a solid middle class. As a result, society is becoming increasingly more stratified, upward mobility is declining, and a new group of thought leaders and opinion makers - the "clerisy" - are providing intellectual support for the emerging hierarchy. The author plausibly refers to the San Francisco Bay Area as a "region of segregated innovation" where "the upper class waxes, the middle class wanes, and the lower class lives in poverty that is becoming unshakeable" (p. 43).
- Subjects
MIDDLE class; FEUDALISM; UPPER class
- Publication
Regional Science Policy & Practice, 2020, Vol 12, Issue 6, p1288
- ISSN
1757-7802
- Publication type
Book Review
- DOI
10.1111/rsp3.12353