Interesting piece. A few comments:
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The lack of an anchor for the managerial class’s neoliberal ideology is more strength than weakness. Unlike the proponents of earlier ideologies they’ve convinced large swaths of the planet, including significant portions of the nation-bound non-managerial 80%, that neoliberal capitalism is not merely an ideology but the natural order of things. Whether they’re embracing it, putting up with it, or constantly angry with it, most of those in the managerial 20% are fish swimming in the same water. They’re using their economic and memetic power to make sure most of the other 80% are in the same ocean.
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The managerial 20% class, being by their nature some of the most clever and well-educated and well-connected (domestically and internationally) and self-aware leaders of any ideology, won’t just “commit suicide.” To use my favourite example, they may be forced to enact a UBI to keep the unneccesariat and precariat from going homeless and starving but it will be a UBI that’s designed by the managerial class to preserve that comfy ocean.
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The “free” market extremists could gain and exercise power to the point where they destroy traditional capitalism due to their own myopic greed and excess, but while they’re coming close enough of them still seem to recognise the benefit of having an opposition within their meritocratic class that pulls them back from the self-destructive brink.
