Žižek, Slavoj. The revolt of the salaried bourgeoisie. London Review of Books. 2012 Jan 26; 34(2):9–10. Available from: http://www.lrb.co.uk/v34/n02/slavoj-zizek/the-revolt-of-the-salaried-bourgeoisie.
Žižek begins with the thesis that post-industrial capitalism no longer derives surplus value primarily from exploitation of wage labor, but rather from economic rents on privatized public goods, especially natural resources and (above all) intellectual property. Peter Frase, making a similar point in “Four futures”, refers to the resulting system not as capitalism but as rentism (although Žižek himself does not use this term). The shift from capitalism to rentism invalidates classical Marxist analyses of the inevitability of capitalist self-destruction, but leaves open the possibility that rentism may collapse for broadly analogous reasons. Žižek argues that since rentism does not require a substantial bourgeoisie, the former bourgeoisie are transformed into an essentially superfluous class of middle managers, who are paid a “surplus wage” not for services rendered but for the maintenance of social stability. Nevertheless, the lower levels of this “salaried bourgeoisie” are continually at risk of being pushed down into the proletariat, since there is a tendency for the very small rentist elite to concentrate wealth and power in their own hands by withdrawing the surplus wage. And since the rentist elite really has little use for the proletariat either, they tend to be reduced in turn to a nonproductive, marginalized Lumpenproletariat or underclass. The fear of losing the surplus wage and being reduced to the underclass can motivate a “revolt of the salaried bourgeoisie”, which is Žižek’s characterization of at least some of the popular revolts of 2011. But Žižek leaves open the possibility that an alliance among all of the increasingly dispossessed classes (salaried bourgeoisie, proletariat, and underclass) may lead to the final downfall of rentism.
Shortlink to this page: http://is.gd/eFSW5D Last revision: March 12, 2013