Friday, January 23, 2009

Hegel, Democrats, Republicans, Obama(, and the Financial Crisis)

Hegel wrote of a the distinction between the business/manufacturing class (somewhat arcanely referred to as the 'reflective class') and the 'universal' class, constituted of civil servants and others whose professional work demands a broad social perspective.

It is not too difficult to argue, I think, that the Democrats are led by the 'universal class' and the Republicans have tended to be led by Hegel's 'reflective class,' which I will refer to as the 'creative class.'

The crisis in Republican leadership is a result of the fact that the new leading creators tend to have an increasingly universal perspective. This is due to the increasing importance of human capital, which puts the onus upon industry leaders to be more aware of the social investments necessary for their continued prosperity. The future course of the Republican party is unclear so long as Democrats are able to seize the ground where 'universal' meets 'creative.' Obama does this intuitively.

Also: The government purchase of large parts of the economy is a recognition of the increasing importance of addressing universal concerns (i.e. social stability) in the face of pulsating flows of international capital. This is a further manifestation of the same phenomenon as that described above.