Bobo is a portmanteau word used to describe the socio-economic bourgeois-bohemian group in France, the French analogue to the English notion of the "champagne socialist".
[1] The term was introduced into the English language by the cultural commentator David Brooks to describe the 1990s descendants of the yuppies in the book Bobos in Paradise (2000).
“Hatred of the bourgeoisie is the beginning of all virtues, and they make him want to weep and vomit at the same time.”[3][4]The two groups continued to coexist in a culture war for decades: the bohemians displaying contempt, loathing, etc.
for their enemy, and the bourgeoisie ignoring the bohemians and embracing "useful, prosaic virtues: self-discipline, frugality, order, punctuality, moderation, industry, temperance, fidelity, and faith".
Their enemy was the Vietnam War and segregation, but also Bourgeois values, as expressed by author of The Making of the Counter Culture Theodore Roczak: “The bourgeoisie ... is obsessed by greed.