Professional Managerial Class; PMCs are well-off, highly educated functional elites, but usually do not own significant capital themselves. They're the aspirational 15% propping up the 1%. They uphold capitalism not because they're on top, but because they're close enough and think they or their kids could be on top one day.
what does this mean?
Professional Managerial Class; PMCs are well-off, highly educated functional elites, but usually do not own significant capital themselves. They're the aspirational 15% propping up the 1%. They uphold capitalism not because they're on top, but because they're close enough and think they or their kids could be on top one day.
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Ish. The petty bourgeoisie still exist.
IMO it is probably more appropriate to equate the PMC to the labor aristocracy than to the petty bourgeoisie.
100%. Just another facet of labor aristocracy imo