Popular opinion seems to hold that the days of class war in the Enriched World are largely over – and conservative opinion from people like the Mises Institute tend to think that the working masses were never the people who drove the growth of what they call “socialism” or “big government”. Instead, the radical Austrians believe that big government and the large deficits that in the Enriched World are an inherent cost thereof were produced entirely by academic communities.
“Parties rejoicing at the death of Margaret Thatcher are a tribute to her, a close friend said – because it shows she won.”
In fact, there is no way Thatcher’s plans of limited government have had any influence on the larger culture of the Enriched World. The militantly atheistic nihilism of AC/DC and the Sex Pistols must rank as far more influential among those who grew up in Thatcherite Britain than the ideals of a ruling class in some ways clinging to past glories. So does the radical egalitarianism of libertine academics who established their positions during Thatcher’s reign.
What we need to recognise is that in the Enriched World, class war became a natural consequence of the “industrial reversal” which turned the pre-industrial societies “haves” into the ultimate “have-nots” devoid of substantial mineral resources and no longer having the unique advantage of its young and fertile soils. Pre-industrial Europe, Asia and the Americas may have had very strong class divisions, but their effects were nothing like what they are when a doubly-deprived working class evolves.