I’ve heard that the middle class doesn’t exist, but I’ve also heard that the rising middle class was necessary for capitalism. Is there a principled definition, because China seems concerned about growing their middle class.
What does it mean to you, I guess?
The Middle Class in the US was a tool. It was used to coerce the poor to work harder and threaten the comfortable wirh poverty.
It hasn’t existed for a decade or two. At least not as it did 30 or 40 years ago.