Joel Kotkin believes that the Obama victory is a sign that the 'creative class' - as detailed by Richard Florida - is coming into power, and that traditional business will be pushed aside.
"Today the traditional business leadership, like their Republican allies, present a spectacle of utter disarray. The commercial banks have been effectively nationalized. Many traditional manufacturers, notably automakers, also yearn to suck on the federal teat. Reduced to supplicants, these companies have surrendered their standing as independent players. At the same time, the traditional energy companies, long the whipping boys of Congressional Democrats, will be fully occupied trying to survive the onslaught of anti-carbon regulations now all but inevitable.
In contrast, the creative class comes to power with the wind at its back. Its ascendancy was first predicted by Daniel Bell in his 1973 classic The Coming of Post-Industrial Society as a natural product of the rise of science-based industry. Shortly afterward California's Jerry Brown became the first politician to recognize this shift, embracing Silicon Valley and Hollywood as a counterweight to the industrial, aerospace and agribusiness establishment that had supported both his father, former governor Pat Brown, and Ronald Reagan.
In the ensuing decades, the creative class establishment rallied to different political causes and candidates, including Gary Hart's 1984 presidential campaign and the causes of other so-called "Atari Democrats." Yet it is only this year that its members have, like the Skynet computer system in the Terminator series, reached a level of consciousness about their potential true power."
FULL STORY: The Triumph of the Creative Class
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