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Forums - Politics Discussion - Half the world's population is now middle class or richer

danasider said:
fleischr said:

Glad to know markets are still helping raise health and living standards and eliminating poverty.

Capitalism FTW.

To be fair, straight capitalism in the US has caused this country's richest class to grow and its middle class to shrink. If this number (in the OP) means anything (and it sounds like it is not very representative of the individual economies), it grew because of a communist country with a capitalist outlook: China.

A mix is probably best: socialism with capitalism for instance. Straight capitalism has led to a country with the most billionaires and a middle class that's been shrinking for 30 plus years while the lower class grows daily.

No, that’s illegal immigration and outsourcing to foreign countries to pay less taxes which is mostly a result of communist efforts. My father literally saw his power plant(s) and company (Exelon) cut benefits, perks, and scale # of workers too because of labor unions pushing hard and getting fucked over for it. They had so many easy perks and company parties at a local and state level. Things became much more centralized and management went for cheaper employees. Yes the free market is to blame, but not strictly capitalism. Both sides caused this. Union marxists who had it better than they complained and greedy capitalists who send nice try, now you lose.



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danasider said:

To be fair, straight capitalism in the US has caused this country's richest class to grow and its middle class to shrink. If this number (in the OP) means anything (and it sounds like it is not very representative of the individual economies), it grew because of a communist country with a capitalist outlook: China.

A mix is probably best: socialism with capitalism for instance. Straight capitalism has led to a country with the most billionaires and a middle class that's been shrinking for 30 plus years while the lower class grows daily.

The shrinking American middle class is not a problem ... 

In fact, many of those American middle class are getting promoted to a higher income bracket ... 

The middle class isn't shrinking because of the so called myth that the "rich are getting richer and the poor are getting poorer" but it's because much of the former middle class is too rich to be defined as middle class. Straight capitalism may have created more inequality but it's a system that created the most and 2nd most competitive economy in the world. Socialism is dysfunctional because it lacks the means of evolution and we don't have to look much further than an example such as Europe's labour policies where it's visibly losing ground in productivity compared to East Asia ... 



fatslob-:O said:
danasider said:

To be fair, straight capitalism in the US has caused this country's richest class to grow and its middle class to shrink. If this number (in the OP) means anything (and it sounds like it is not very representative of the individual economies), it grew because of a communist country with a capitalist outlook: China.

A mix is probably best: socialism with capitalism for instance. Straight capitalism has led to a country with the most billionaires and a middle class that's been shrinking for 30 plus years while the lower class grows daily.

The shrinking American middle class is not a problem ... 

In fact, many of those American middle class are getting promoted to a higher income bracket ... 

The middle class isn't shrinking because of the so called myth that the "rich are getting richer and the poor are getting poorer" but it's because much of the former middle class is too rich to be defined as middle class. Straight capitalism may have created more inequality but it's a system that created the most and 2nd most competitive economy in the world. Socialism is dysfunctional because it lacks the means of evolution and we don't have to look much further than an example such as Europe's labour policies where it's visibly losing ground in productivity compared to East Asia ... 

This. The gap between the rich and middle class is bigger, but the middle class is improving as well. Things are also becoming cheaper for us overall when it isn't heavily regulated by the government. That's why education and health care is going through the roof right now in costs.



GProgrammer said:
so anyone earning more than $110 a day is not middle class but rich, Wow Everyone I know is a member of the rich class

Households spending more than $110 per person, per day are wealthy on this scale. 



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drkohler said:
What a complete bullshit graph. I can assure you that at least half of Bangla Desh and India falls into the "poor group", whatever way you want to define "niddle class".
Bad Science operating at its worst.

I won't dispute that they do, but keep in mind that this is a topic about the world, not just two countries. India and Bangladesh combined only make up roughly 1.5 billion of the 7.3 billion that is the world's population. Even if the entirety of those countries fell into the poor group, it would be very possible for half of the Earth's population to be middle class or richer.



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It is so funny that some people here are trying to base their experiences based on the outlier (USA). XD

Ignorance is a huge problem.



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Discredited, next.



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SpokenTruth said:
Helloplite said:
It is so funny that some people here are trying to base their experiences based on the outlier (USA). XD

Ignorance is a huge problem.

Worse, an outlier within an outlier (Manhattan).

You can't say that someone is rich just because they live in a richer country or city.  You still have to live and survive there.  Expenses vary by region and the same amount of money wont get you as far in those places.  Every region must be looked at separately.  This graph gives no insight into any of that.  



SpokenTruth said:
contestgamer said:

That's not rich, that's middle class. 12k isnt going to get you much. You're not going to be able to afford vacations throughout the year (maybe you'll be able to squeeze out a few weeks a year) You can't afford a second vacation house or even a first house or condo in a nice urban area like Manhattan, Toronto etc. You cant afford a decent boat, luxury hotels (except for a few days) etc. 12k gets you nothing except a roof, food and some local entertainment.

Let's try this again.  I highlighted the key point.  This is spending, not earning.  And spending $12,320 per month sure as hell is not middle class.  If you are spending that, you are earning a lot more than that.

100% wrong. I earn roughly in that territory and spend virtually all of it every month, leaving me with hardly any savings. (in Manhatten) This is shared just between 2 people. 100k a month you can say is somewhat rich, 12k is not. There's a million things you can't do at 12k a month spending. Just because many make less than that doesnt make that rich. It only allows you to live relatively comfortably without worrying about being hand to mouth. That's not rich.