The problem the New Class faces at this point is the psychological and social self-perceptions of a status group that is alienated (as we marxists say) from traditional labor by its semi-privileged upbringing – and by the fact that it is actually, two distinct strands, a privileged one and a semi-privileged one. It is, for the moment, insistent not just on white-collar work as its birthright and unable to conceive of much else. It does not celebrate the dignity of labor; it conceived of itself as existing to regulate labor. So it has purified itself to the point that not just any white-collar work will do. It has to be, as Michelle Obama instructed people in what now has to be seen as another era, virtuous non-profit or government work. Those attitudes are changing, but only slowly; the university pipelines are still full of people who cannot imagine themselves in any other kind of work, unless it means working for Apple or Google.
The New Class has always operated across the lines of public and private, however, the government-university-finance and technology capital sectors. It is not a theory of the government class versus the business class – as 1990s neoconservatives sometimes mistakenly imagined. As Lasch pointed out, it is the class that bridges and moves effortlessly between the two. As a theory of late capitalism (once imported from being an analysis of communist nomenkaltura) it offers itself as a theory of technocratic expertise first – but, if that spectacularly fails as it did in 2008, it falls back on a much more rudimentary claim of monopoly access to the levers of the economy. Which is to say, the right to bridge the private-public line, and rent out its access.