are already exerting an influence on the social structure in the home countries of so radical a kind as to constitute a political landmark of no small importance. I refer to the disintegrating effect of recent economic effects on the various middle strata of the metropolitan economy. The economic position of these strata has many links, direct and indirect, with the colonial system; and with any shrinkage of colonial super-profit this position, becomes immediately insecure. But it is also to a large extent these strata who are adversely affected by the new stage of intensified monopolistic development in the home country, in particular by the increasing emphasis on the purely restrictive aspect of this development, such as economic nationalism and the paralysis of foreign trade, price control by cartels and restriction-schemes, which are apt to bear with special heaviness on the small producer as well as the consumer. That the increasing radicalisation of the this so-called ‘middle class’, which we are witnessing today, and their willingness to align themselves (for the first time since 1848) with the proletariat in an organized ‘people’s front’ of ‘the left’ is connected with a fundamental modification of their economic position in contemporary society, is a suggestion to which too little attention has been paid.
It's an interesting, if tortured attempt to explain a volte face whilst saving the phenomena.