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After closing the last post it occurs to us that a new elite did arise in the West after World Wars – namely the labor elite, whose rise was largely unopposed in the States because the economic pie there was expanding so rapidly due to the Marshall Plan and the prostration of the rest of the nation’s trading partners, and unopposed in Europe because of the prostration of the old elites as a result of the exigencies of war. Since the 1970s, what with the economic landscape returning to the long-run normal of stagnation, labor has increasingly come in conflict with the other major economic elite – the business, with the result that labor has been slowly giving ground in sectors least hampered by top-down regulation.

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