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RE: RETROfocus: "The Middle Class Conundrum"
I agree the middle class is almost invariably the engine of a country, as the lower income classes will typically lack the purchasing power required to move the needle, while the rich entails in niche activities that - albeit moving a lot of capital - are oftentimes geared towards localized growth rather than country development. The wealth of the middle class is generating momentum due to their larger footprint and comparably significant spending capacity, so that's where one should be looking at.
How the middle class perceives themselves can make a big difference in the kind of motivation that is directing this momentum, either towards development or devolution.
Certainly. And not only of a country, but also of an entire human ecosystem no matter how small or large.
Yep! that's right. Isn't this 'anomaly' a pretty interesting one as indicator of Human Evolution?
Elementary! Without an increasing big mass of docile & dumb consumers who blindly consume everything with no questioning, the richest wouldn't have enough blood, sweat & tears to squeeze as to be able to build a profitable bizniz. According to them, I suspect we actually need some kind of aspirational social class, of some sort, all the time, to keep 'this current world' spinning. Isn't it?
Mm-hmm! so, what's your conclusion?
Is the Middle Class perceiving themselves nowadays like a Poorer version of Rich or like a Richer version of Poor?
Thank you for your thoughtful comment brother! :)