No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, October 11, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Economy

We Have Never Been Woke Part 3: Symbolic Capital and Symbolic Capitalists

by TheAdviserMagazine
2 months ago
in Economy
Reading Time: 7 mins read
A A
We Have Never Been Woke Part 3: Symbolic Capital and Symbolic Capitalists
Share on FacebookShare on TwitterShare on LInkedIn


The previous post in this series touched on Musa al-Gharbi’s identification of a class of people as “symbolic capitalists,” his contention that wokeness is the dominant ideology of this group, and that members of this group tend to be most predisposed to amplifying woke ideas. There are multiple “alternative names for symbolic capitalists” used by other writers, such as “the professional-managerial class, the new class, the creative class, the aspirational class,” among others. But regardless of the term one uses, what is a symbolic capitalist, exactly? According to al-Gharbi,

symbolic capitalists are professionals who traffic in symbols and rhetoric, images and narratives, data and analysis, ideas and abstraction (as opposed to workers engaged in manual forms of labor tied to physical goods and services). For instance, people who work in fields like education, science, tech, finance, media law, consulting, administration, and public policy are overwhelmingly symbolic capitalists. If you’re reading this book, there’s a strong chance you’re a symbolic capitalist. I am, myself, a symbolic capitalist.

That is to say, the world of symbolic capitalists is more about ideas, data, and intangible outputs, compared to workers whose work is focused on physical, tangible outputs. At one point in the book, he uses this as a way of distinguishing medical practitioners from symbolic capitalists:

The amount of money symbolic capitalists take home every year is higher than for virtually anyone else in society. The only competitive nonsymbolic occupational group is “health-care practitioners and technicians”…

Even though medical professionals are a highly educated, high status group, and the work they do requires substantial knowledge, they generally don’t fall into the category of symbolic capitalists because their work involves efforts to “directly intervene on physical bodies.” (Recently, I had a doctor inject a large amount of cortisone into a tendon sheath on my wrist – I can confirm that the work this doctor did was not in any sense a form of symbolic output.)

As the name symbolic capitalist suggests, the stock and trade of such people is symbolic capital. Following the work of the sociologist Pierre Bourdieu, al-Gharbi says,

In contrast with more traditional resources associated with wealth, material assets, and so on, Bourdieu defined symbolic capital as the resources available to someone on the basis of honor, prestige, celebrity, consecration, and recognition…According to Bourdieu, the roles people are assigned to on the basis of their symbolic capital (or lack thereof) may actually be more important that more conventional economic forces in determining how power is arranged within a society.

Symbolic capitalists, according to Bourdieu, make their living by “three forms of symbolic capital: cultural, academic, and political.” These are very valuable social assets, al-Gharbi says:

Collectively, these different forms of symbolic capital serve as the basis for defining others as insiders or intruders, experts or amateurs, leaders or brutes, authentic or posers, geniuses or hacks, sincere or cynical, worthy or unworthy, and so forth.

Each of these forms of symbolic capital is defined. First, political capital:

Political capital includes the trust, goodwill, relationships, and institutional authority that can be used to mobilize others in the service of particular goals. One’s formal title within an organizational hierarchy, one’s perceived credibility, reliability, efficacy, experience, and virtue – these are all resources that can be drawn on to convince others to throw their lot in with someone, to trust their vision, to run with their plan, to pursue their priorities.

Next is academic capital:

Academic capital, on the other hand, is about getting others to defer to one’s judgment based on special knowledge, intellect, skill, or expertise. Academic capital is mainly derived from one’s credentials, degrees, formal training, and such.

Lastly, we have cultural capital:

Finally, cultural capital is about demonstrating oneself as interesting, cool, sophisticated, charismatic, charming, and so on. People reveal their cultural capital through how they talk, how they carry themselves, their dress, their manners, their tastes and expressed opinions – all of which provides strong cues as to one’s level of education, socioeconomic background, ideological and political alignments, place of origin, and so forth. Of these three main forms of symbolic capital, it is cultural capital that is least accessible to nonelites.

Cultural capital is key in another way – because it’s the biggest barrier keeping the “normies” distinguished from the elites, “wokeness has become a key source of cultural capital among contemporary elites – especially among symbolic capitalists.” And this helps explain why the activities, perceptions, priorities, and policy preferences of woke social justice activists seem so disconnected from the people these activists claim to be representing:

The idiosyncratic understanding of social justice and attendant dispositions and modes of engagement colloquially referred to as being “woke” are popular almost exclusively among people like us. Those who are genuinely vulnerable, marginalized, disadvantaged, or impoverished don’t think or talk in these ways. And that’s part of the point. Among symbolic capitalists, wokeness has come to serve as a sign that someone is of an elite background or well-educated. Through espousing woke beliefs, symbolic capitalists (and aspirants to the symbolic professions) demonstrate that they are the kind of people who “play ball” – they are aware of, and are willing and able to competently execute, the appropriate scripts in response to various cues. That is, wokeness is increasingly a means of identifying who is part of “the club” – and it provides a basis for deeming those who are not part of the club unworthy of symbolic capital (i.e., people who fail to embrace elite conceptions of “social justice” are held to be undeserving of honor, fame, prestige, deference, etc.).

By expressing concern for the well-being of the poor and powerless in a particular way, one also distinguishes oneself from the poor, powerless, and vulnerable, and demonstrates oneself to be a member of the elite in good standing. This is why on the one hand, surveys have found that among Black Americans who live in low-income areas, the overwhelming majority wanted the level of police presence in their neighborhood to be at least as high as it currently is or even higher. On the other hand, among members of the highly educated, wealthy, mostly white elites living in gated communities protected by private security, it was a great display of cultural capital to express enthusiasm for defunding or even abolishing the police. By expressing your concern for the poor and downtrodden in a way completely separate from the actual ideas or desires of that group, you signal the fact that you are wealthy, well-educated, and culturally sophisticated – you shouldn’t be mistaken for one of the plebs.

However, al-Gharbi points out that symbolic capitalists are not a pure monolith in political leanings:

All said, contemporary symbolic capitalists are overwhelmingly and increasingly aligned with the Democratic Party and the “cultural left.” However, there is a right wing among them. They amount to a relatively small share of symbolic capitalists overall yet exert a disproportionate impact in virtue of being highly organized, well funded, and quite skilled at eliciting strong (outraged) reactions both from mainstream symbolic capitalists and against mainstream symbolic capitalists—often in alliance with “anti-woke” peers.

Yet the actively anti-woke segment of symbolic capitalists isn’t so much the opposite of the woke. They just have a different focus:

What generally separates these symbolic capitalists from most others is that they are symbolically conservative: patriotic, religious, nondisdainful toward U.S. history, culture, and traditions. On the one hand, these are significant differences—ones that align right-leaning symbolic capitalists more closely with most other Americans… The primary grievance of these symbolic capitalists in the “culture wars” is that the abstractions they cherish are being denigrated, villainized, marginalized, and neglected as a result of their peers’ widespread embrace of an alternative symbolic paradigm—one that purports to unsettle the symbolic boundaries between men, women, nature, humanity, and God. Yet they share with mainstream symbolic capitalists a sense that this fight over language, ideas, history, and cultural artifacts is of deep importance—world-historical importance even—to the point where more practical problems that most “normies” confront in their day-to-day lives should take a back seat.

Despite these differences, the modes of analysis al-Gharbi applies to woke symbolic capitalists also apply to anti-woke symbolic capitalists:

Anti-wokes share mainstream symbolic capitalists’ worldview with the importance of the symbolic struggles: this is what gives their own campaigns perceived urgency and meaning. Materially speaking, they do similar types of work, and live similar lifestyles in similar places, relative to their woke peers. Consequently, virtually everything that follows applies just as much to the anti-woke as to mainstream symbolic capitalists. For our purposes, there is no significant difference between them.

Because symbolic capitalists are vastly more likely to be woke and progressive, al-Gharbi places most of his focus on that group:

This book will be focused intensively on the Left because symbolic capitalists are overwhelmingly aligned ideologically with the Left and politically with the Democratic Party.

But granting that symbolic capitalists are likely to be progressive and woke, what made wokeness the dominant philosophy among symbolic capitalists? This isn’t mere happenstance, says al-Gharbi. Yet it’s not a result of the woke coming to these views as a result of deeply studying the academic literature – as al-Gharbi has mentioned, the views they espouse are often somewhere between unrelated to or the exact opposite of the actual contents of the scholarship they cite as inspiration. Nor is it due to a heightened awareness of the values and preferences of the downtrodden communities they claim to support – again, because the policy preferences of the woke tend to be out of step with of the expressed views of those very people. So what, then, explains the tendency of the elites to embrace wokeness? Or, perhaps more precisely, how did wokeness come to signal one is a member of the elite? We’ll look at al-Gharbi’s answer to that question in the next post.



Source link

Tags: CapitalcapitalistspartSymbolicWoke
ShareTweetShare
Previous Post

AI is impacting the labor market, young tech workers: Goldman economist

Next Post

Op-Ed: AI wealth management

Related Posts

edit post
Countdown! | naked capitalism

Countdown! | naked capitalism

by TheAdviserMagazine
October 10, 2025
0

Readers have responded generously to our last appeal, to meet our final fundraiser goal of $45,000 for more original reporting...

edit post
CPI inflation report will be released by Labor Department, while other data is delayed by shutdown

CPI inflation report will be released by Labor Department, while other data is delayed by shutdown

by TheAdviserMagazine
October 10, 2025
0

A large US flag is seen on the facade of the Department of Labor headquarters building in Washington DC, United...

edit post
Economics and the Infantilization of Culture

Economics and the Infantilization of Culture

by TheAdviserMagazine
October 10, 2025
0

Western and American culture can be said to have undergone a process of infantilization—reduction to a childish and immature state....

edit post
When Godzilla Breaks Windows – Econlib

When Godzilla Breaks Windows – Econlib

by TheAdviserMagazine
October 10, 2025
0

It’s morning in Tokyo. You’re sitting on your balcony with a cup of coffee or tea, enjoying the rising sun...

edit post
Farmers Fight Federal Efforts to Block States from Promoting Humane Animal Agriculture

Farmers Fight Federal Efforts to Block States from Promoting Humane Animal Agriculture

by TheAdviserMagazine
October 10, 2025
0

This is Naked Capitalism fundraising week. 1375 donors have already invested in our efforts to combat corruption and predatory conduct,...

edit post
Trump’s Deportation Efforts | Armstrong Economics

Trump’s Deportation Efforts | Armstrong Economics

by TheAdviserMagazine
October 10, 2025
0

President Donald Trump inherited a nation that was invaded. The invaders were incentivized to stay and permitted to coast under...

Next Post
edit post
Op-Ed: AI wealth management

Op-Ed: AI wealth management

edit post
How the Canada GST/HST tax credit works

How the Canada GST/HST tax credit works

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
7 Accounting Tasks You Should Have Automated by Now (2025 Guide)

7 Accounting Tasks You Should Have Automated by Now (2025 Guide)

0
edit post
Market to find clear direction by 2025-end as earnings rebound: Motilal Oswal’s Siddhartha Khemka

Market to find clear direction by 2025-end as earnings rebound: Motilal Oswal’s Siddhartha Khemka

0
edit post
The Best Ways to Save on Your Landlord Insurance Costs

The Best Ways to Save on Your Landlord Insurance Costs

0
edit post
*HOT* Shark Navigator Lift-Away Upright Vacuum only 8 shipped (Reg. 0!), plus more!

*HOT* Shark Navigator Lift-Away Upright Vacuum only $118 shipped (Reg. $200!), plus more!

0
edit post
Take Free Digital Ready Courses, Apply for K Grants

Take Free Digital Ready Courses, Apply for $10K Grants

0
edit post
Agentic AI, Supply Chain & MCF, Retail Ads

Agentic AI, Supply Chain & MCF, Retail Ads

0
edit post
Market to find clear direction by 2025-end as earnings rebound: Motilal Oswal’s Siddhartha Khemka

Market to find clear direction by 2025-end as earnings rebound: Motilal Oswal’s Siddhartha Khemka

October 11, 2025
edit post
If the debasement trade would catapult Bitcoin, why is the market down?

If the debasement trade would catapult Bitcoin, why is the market down?

October 10, 2025
edit post
Trump to hike China tariffs to 130% and impose software export controls next month, as trade war reignites to nearly ‘Liberation Day’ levels

Trump to hike China tariffs to 130% and impose software export controls next month, as trade war reignites to nearly ‘Liberation Day’ levels

October 10, 2025
edit post
NI Holdings appoints Cindy Launer as CEO (NODK:NASDAQ)

NI Holdings appoints Cindy Launer as CEO (NODK:NASDAQ)

October 10, 2025
edit post
Crypto Market Falls as Trump Imposes 100% China Tariff

Crypto Market Falls as Trump Imposes 100% China Tariff

October 10, 2025
edit post
A 3-person policy nonprofit that worked on California’s AI safety law is publicly accusing OpenAI of intimidation tactics

A 3-person policy nonprofit that worked on California’s AI safety law is publicly accusing OpenAI of intimidation tactics

October 10, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Market to find clear direction by 2025-end as earnings rebound: Motilal Oswal’s Siddhartha Khemka
  • If the debasement trade would catapult Bitcoin, why is the market down?
  • Trump to hike China tariffs to 130% and impose software export controls next month, as trade war reignites to nearly ‘Liberation Day’ levels
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.