The Middle Class Abolishes Itself: Cornelia Koppetisch

The Middle Class Abolishes Itself. Interview with sociologist Cornelia Koppetisch.

Middle class citizens with a little wealth who invested this on the stock exchange are responsible for certain jobs becoming more and more precarious. When businesses are increasingly controlled by shareholders and funds, they become oriented in short-term profit possibilities and try to lower labor costs…

Many economists argue market forces regulate themselves and society doesn’t need to intervene. Sociologists argue no capitalism can exist in a social system without bonds… Letting social inequalities become great is disastrous because this endangers the social integration and civil society doesn’t function any more.

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