Losing and Winning classes

(I'm getting interesting "bits" coming my way these days)

Warren Buffett: “There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.”

http://www.nytimes.com/2006/11/26/business/yourmoney/26every.html

Just because the days of children and labourers going down stinking coal mine shafts are over (in the West any way) does not mean that class warfare is not being waged, it is covert and representative democracy has tended to water down any sort of class consciousness that may have existed in the West.

What/who controls the economy, culture and politics? The ruling class, ie. capitalists. It is true that what it means to be "working class" has changed over the years, and there is some potential for members of the working class to gain capital through loans etc..however it is not possible to say that the middle class or small business owners have more influence over the economy, culture or politics than say Rupert Murdoch or major financial institutions.


Also, from the ABS
The share of the economy going to profits has hit the highest level since the ABS started keeping records in 1959, while the share allocated to wages has hit a new 43-year low, today's National Accounts data has revealed.

The data shows the "profits share" of the economy hit a new record high of 27.8% in trend terms, the greatest share going to profits since the ABS began collecting the data in the September quarter of 1959.

At the same time, the "wages share" of the economy fell to 52.7%

Just because the term "class war" seems cliched and old fashioned does not mean that it does not exist. It is a tragedy that the winning team (Warren Buffett and his friends) can see and wage this war. The losing classes are so over worked; stressed by mortgages and interest rates; distracted by reality TV and plasmas and caught up with celebrity style politics to the point that they pose no real challenge to the system. Workers are playing by the rules of the ruling class and are getting ripped off.