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?
Well… you see, there’s the front of the class and then theres the back of the class and in between the two is the middle class.
My non-academic answer:
The group of people in a capitalist system, who aren’t capital “C” capitalists, whose material conditions are such that their needs are met. Things like, a reliable job, steady income, a reasonably okay place to live, the ability to maintain a small savings, have a family and not feel like every month is a struggle to figure out how to pay bills, etc.