4

THE DISCREET POVERTY OF THE FORMER MIDDLE CLASSES

Bourgeois life was based on the institution of the career – a lifelong pathway through working life. Today professions and occupations are disappearing. Soon they will be as remote and archaic as the ranks and estates of medieval times.

Our only real religion is a shallow faith in the future; and yet we have no idea what the future will bring. None but the incorrigibly feckless any longer believe in taking the long view. Saving is gambling, careers and pensions are high-level punts. The few who are seriously rich hedge their bets. The proles – the rest of us – live from day to day.

In Europe and Japan, bourgeois life lingers on. In Britain and America it has become the stuff of theme parks. The middle class is a luxury capitalism can no longer afford.