http://www.zerohedge.com/news/2017-09-2 ... -here-stayThat the middle [constitution] is best is evident, for it is the freest from faction: where the middle class is numerous, there least occur factions and divisions among citizens” (Politics IV.11.1296a7–9)” – For those who possess the goods of fortune in moderation find it “easiest to obey the rule of reason”. ( IV.11.1295b4–6).
When we speak of the middle class we therefore mean the median group of society, the one representing the largest group of people by income.
To clarify with a simple example, in a population of 2000 people, if 500 earn 1000€ a month, 1400 people earn 2000€ a month and 100 earn 10000€ a month, then the 1400 people are the ”middle class”.
A prosperous, educated middle class is the best bulwark against extremes. Ganesh Sitaraman of Vanderbilt University argues:
“From the time of the ancients, statesmen and philosophers were deeply worried about the problem of economic inequality. They worried that either the rich would oppress the poor or the poor would seek to confiscate the wealth of the rich, and the result would be violence, instability, even revolution.”
Sitaraman worked for US Senator (Dem) Elizabeth Warren from 2011 to 2013. If Democrats had bothered listening to him and looking at what is actually happening, maybe Hillary Clinton wouldn’t have needed to write her own book “What Happened”, trying to explain her electoral debacle.
The Western class is necessary for political centrism
After the Second World War, the Western world saw itself reaching new peaks of prosperity. As the Western middle class prospered, political extremes faded. By the 1990s political extremes in the form of fascism from the right and communism from the left had been reduced to insignificance. Center-right “liberals” and center-left “social-democrats” both moved towards the center of politics to appease the large, moderate electorate i.e. the middle class. As the economic issues lost importance in the political debate, the focus shifted to social ones like gay rights or climate. Center leaning political parties were so indistinguishable on core issues that it often made little difference for voters.
In the 1990s however, a game changing process started whose name was globalization in the form of free capital flow, outsourcing and, to a lesser and yet significant extent, free movement of people. This entailed problems: financial crisis from capital mobility, ghettos, crimes and then even terrorism from immigration. What few noticed was also the economic impact of globalization on the Western middle-class: it began to collapse. The winners were the elites and the now growing middle-class of the developing world.
The latest developments currently happening worldwide.
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