Economics/Class Relations

The Elites and Inequality: The Rise and Fall of the Managerial Class

By Neeva Parvini


In analysing the political upheavals across Europe and America in the past several years, it has become customary to talk about ‘the elites’ and about ‘inequality’. This article will explore both concepts in political and socio-economic analysis, and posits that certain elites in the West need narratives of inequality to maintain their stranglehold on power. It concludes by suggesting that we are witnessing the passing of an old and increasingly irrelevant class of elites, whose wild attempts to cling onto the old order will see them lash out in unpredictable directions.

When the political left talk about elites, they typically refer to ‘the haves’ (as opposed to the ‘have nots’), that is the top 1% of income earners, a concern which has a legacy in outmoded and demonstrably incorrect Marxist analysis. Thus, here in the UK, Jeremy Corbyn’s far left Labour party routinely trot out the old line that ‘the rich keep getting richer while the poor are getting poorer’. However, even The Guardian – albeit through gritted teeth – pointed out in 2017 that the UK was at a thirty-year low for income inequality. The BBC also fact-checked Corbyn’s repeated claim and found it to be false. As did the tabloid paper The Sun, drawing data from a study by the Institute of Fiscal Studies. Given these facts, why are we repeatedly told that inequality is the most pressing issue facing us in Britain and America today?


Leave a Reply