08-25-2017, 12:06 PM
David Horn Wrote:The economic elite are fully invested in neoliberalism, and the cultural elite in social justice. The two are not completely compatible but they aren't antagonistic either, so the economic elites, caring solely about economic matters, have accepted the social justice model. Trump has pulled that scab off the body politic, and set the SJW types in direct opposition to the white nationalists. Note how little this impacts the economic model.True. But here's the rub. Neoliberal elites owe their existence to the truth of the neoliberal model. If the capitalist crisis hypothesis is valid, then the neoliberal model is not always and everywhere valid. Occasionally (during modern secular cycle crises/4Ts) its not valid. Things happen that are not expected from a neoliberal paradigm, and elites feel unsure and panicky. Political elites capitalize on this opportunity to make fundamental change. If their initial change is perceived as successful they gain a chance to enact more substantial change.
If the capitalist crisis and the concept of a 4T are both valid, then this opportunity will come in the next few years. It will manifest as a financial crisis and deep recession. If this fails to happen, then one or both have to be discarded. It will take something like 15 years for this issue to be resolved. If after 15 years, there is no change and we still are in a period much as we have been over the last decade, then both theories can be tossed.