The real class war (American Affairs)

(…) The socioeconomic divide that will determine the future of poli­tics, particularly in the United States, is not between the top 30 per­cent or 10 percent and the rest, nor even between the 1 percent and the 99 percent. The real class war is between the 0.1 percent and (at most) the 10 percent—or, more precisely, between elites primarily dependent on capital gains and those primarily dependent on profes­sional labor.

(…) Ultimately, the question that will determine the future of American politics is whether the rest of the elite will consent to their contin­ued proletarianization only to further enrich this pathetic oli­garchy. If they do, future historians of American collapse will find something truly exceptional: capitalism without competence and feu­dalism with­out nobility.

https://americanaffairsjournal.org/2019/11/the-real-class-war/