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#1 The Cold War has been followed by a transatlantic class war between elites based in the corporate, financial, government, media, and educational sectors and disproportionately native working-class populists.
#2 Following the abandonment of communism, the global norm has been a mixed economy dominated by bureaucratic corporations, bureaucratic government, and bureaucratic nonprofits.
#3 The overclass is made up of college-educated managers and professionals who exercise disproportionate influence in politics and society by virtue of their institutional positions in large, powerful bureaucracies.
#4 In a purely meritocratic society, the ranks of university-educated managers and professionals would be refilled completely by upwardly mobile individuals in each generation. But in America and Europe, intergenerational mobility is low.
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