Do non-college educated, financially disadvantaged people think they know more about economics than educated white-collar professionals do?

I’ll try to answer this question by describing what I see going on underneath it. In this instance, several forces are at work that undermine “educated” assessments of any kind:

1. The human-created economic realities-on-the-ground have become much more complex - and globally interdependent - than perhaps any time in human history.

2. At the same time, consumers have been trained through commercialism and advanced communications technology to pay only a vague amount of attention to reductionist, hyper-simplistic sound bytes offered by mainstream media - and often ones crafted by supposed “experts” - that generally ignore complexity or nuance in favor of truncated, black-and-white quasi-facts.

3. Those whom the media selects - or who have self-selected - to become representatives of the “expert” class are often not all that bright, and not all that educated, but simply have the drive and/or language skills to become valued sound byte wizards.

4. In order to package lockstep ideologies for mass conformance, politicians and political propagandists further muddy the waters with deliberate distortions of reality-on-the-ground that frame their POV in the most favorable light, further disrupting their adherents’ grip on what is really going on.

5. Add to this the psychological stresses of modern society, poor diets, lack of exercise, lots of neurologically and biologically active chemicals introduced by human industry, and a seeming increase in the incidence of mental illness.

Now when you take all of these elements, stir them into a big cauldron of fascist populist sentiment, then superheat that concoction with the flames of authentically felt economic pressure (shareholder impatience, job insecurity, stagnant wages, resource scarcity, growing income inequality, exploding financialization and debt, boom-bust volatility, price-inelastic demand, monopolization, narrowing profit margins, etc.) the result is fairly predictable: poor choices in an increasingly nonfunctional democracy.

So I would say it has little to do with education or class, and a lot more to do with the pathologies, anxiety, economic insecurity and societal tensions created by capitalism itself.

My 2 cents.

(From Quora question:


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