I am terribly excited about the prospect of the coming weeks, months, years of the ever-popular semantic game, "What's a Conservative?"

Except for the part where it doesn't matter.

Krugman says:

That's a fundamental misreading of what's happening to American society. What we're seeing isn't the rise of a fairly broad class of knowledge workers. Instead, we're seeing the rise of a narrow oligarchy: income and wealth are becoming increasingly concentrated in the hands of a small, privileged elite.