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Originally Posted by DRS112
Well...to be honest...people have been saying that for centuries now...it's never came true...usually it's been the justification for whatever trade restrictions...but in the end the policies failed and in the interim they slow growth while leading to higher cost goods and lower quality and less innovation. I don't know how to express it right now...Easter hangover...too much food makes me groggy.
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eh..lucky you, atleast you had time to get a hangover
The idea of a middle class is how old? We would have to agree these ideas of capitalism and the dangers of it... started around the time of Adam Smith. My argument would be these ideas are very new and subject to tweaking and change...to succeed
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but when did this middle class exist? Why did it exist? Just a couple of questions to answer...and to offer an answer myself, I'll take a stab at the middle class you are referring to is in the 50's and 60's? Post WWII when we were exporting like crazy? What was the wages of a middle class person at that time? What could you buy with those wages? How does that buying power compare with the poor today?
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The idea of a middle class exists, because the continuing notion that a ruling class should dominate and exploit the rest... continued to explode into revolution and war...No?