> Class mobility is good mostly because new money rising turns the soil of society -- a partial inversion of roles and positions, bringing [social] networks-on-high in greater contact with networks-down-low. An upper class moving down is in strange ways perhaps good for the "soil" of culture as well. It just has worse branding as a not-very-uplifting story. But it's better than rich-get-richer and poor-get-poorer, which is what's been happening a lot lately.
I think you're confused. The true upper class isn't going anywhere, those are the people so rich they don't need to work (and if they do "work," it's tending their empire). They'll keep getting richer.
The "downward mobility" you're talking about the upper middle class and middle class. People who need to work, but can live comfortably on their wages. This is really about flattening the working class into its poorer levels (and kicking away the ladders the people in those levels could use to lead a more comfortable life, no more getting a college degree and graduating from the factory floor to the office).
It's about increasing inequality and creating an unbridgeable chasm between the poor and rich.
I think you're confused. The true upper class isn't going anywhere, those are the people so rich they don't need to work (and if they do "work," it's tending their empire). They'll keep getting richer.
The "downward mobility" you're talking about the upper middle class and middle class. People who need to work, but can live comfortably on their wages. This is really about flattening the working class into its poorer levels (and kicking away the ladders the people in those levels could use to lead a more comfortable life, no more getting a college degree and graduating from the factory floor to the office).
It's about increasing inequality and creating an unbridgeable chasm between the poor and rich.