In sociology and economics, the precariat is a social class formed by people suffering from precarity, which is a condition of existence without predictability or security, affecting material or psychological welfare as well as being a member of a proletariat class of industrial workers who lack their own means of production and hence sell their labor to live. Specifically, it is applied to the condition of lack of job security, in other words intermittent employment or underemployment and the resultant precarious existence. The emergence of this class has been ascribed to the entrenchment of neoliberal capitalism.

Source: Wikipedia

  • zeitgeist2

    Note the protracted wordings with the express purpose of misleading the unsuspecting public. Capitalism , rank-profiteering-capitalism, is what the word neo-liberal capitalism means.
    its neo =new, all right ? it was touted as Democratic capitalism once upon a long time back.Since there was no ingredient called “democracy” in it , they were forced to find a word to replace the word, “democracy” . For that purpose, they imported, neo which means new .

    This is just like doctors writing the diagnosis “FEVER-NYD ” in a cleverly masked Language. Patients think that the doctor has diagnosed the disease , little knowing that NYD stands for “Not Yet Detected”. The words ,”NEO-LIBERAL ” is such a masking word .

    The only true viable form of govt. is “socialistic democracy”. But to americans ,the word,”socialism ” is an anathema, an untouchable pariha ,like the word, “COMMUNISM” meant to Macarthy during the height of cold-war period.

    again , see the condescending phrasing “sell their labor to live “, sounding like “sell their bodies to Iive “. Capitalists work with the express purpose of making profits and increasing their riches, and not for a living for which they can fall back upon hereditary wealth created. It also implies that those who work for a living are clubbed with Precariats, a word sounding like the “proletariat ” in a communist regime .

    These are the subtle ways in which capitalism spreads its wings in psychological ways among unsuspecting population who gets carried away with such sophistry.

    • Thankfully, Americans are now less prone to be afraid of socialism, the word and the concept. The last few years’ worth of polling demonstrates that the younger generation, especially, doesn’t fear it, nor is it against policies that benefit the greater good, which is what democratic socialist policies are supposed to do.

      Yes, all isms carry with them the propensity to brainwash their populations.

      • Some Americans are less prone, yes. But there is a relatively small but solid core of the old, white reactionary clan that still prefer their willful ignorance and jingo-isms over any rational perspectives. When that generation finally succumbs to the call to the abyss we will have any easier time of fomenting the needed changes. Until then I plan to tenaciously fight them at every turn because silence = death.
        I admire your tenacity and humanity.