I don’t think the points that Brainaddict raises should be simply dismissed, they just need accommodating. The key is to review and reflect on the assumptions underlying the conclusion. If it is not the case that assets change your class position then what is that analysis either missing or taking for granted?
Thatcher, Major and Blair certainly threw some big rocks into the social pool. The “stakeholder society” concept was a very deliberate attempt to rewrite the rules of class and the solidarity that it implies. To nick Wikipedia’s bit about how social identity theory (SIT) interacts with collective action:
SIT implicates three variables in the evocation of collective action to improve conditions for the group – permeability of group boundaries,
[5]legitimacy of the intergroup structures, and the stability of these relationships. For example, when disadvantaged groups perceive intergroup status relationships as illegitimate and unstable, collective action is predicted to occur, in an attempt to change status structures for the betterment of the disadvantaged group.
The point is that people will only collectively organise if they don’t think they can improve their personal position and they think that the way the groups are defined and operated are unfair. Giving individuals a theoretical exit from their working class position undermines their involvement in improving the lot of the working class. But
so does undermining what it means to be working class, which is achieved by imputing the priorities and sense-making of the PMC onto the working class.
To put it another way, it isn’t just relationship to the means of production that matters for collectivity, it’s also
perception of the relationship to the means of production. And it is
that which is affected by asset ownership. Class interest may not be affected, but perception of class legitimacy is.
I’m just talking out loud here, really. I don’t have a coherent manifesto to wrap this up with. The social psychology of modern society is very different to that of the days of industrial capitalism, however, even if the structural analysis still makes sense. And you have to pay attention to the former as well as the latter.