I think the middle class is the saint of world economy. Middle class’ population is always going to be more abundant than the top 1% and 2% elite classes’ populations of the world. Why? It is obvious that it will always be a lot harder and rarer for anyone to make to the top of the class, because the higher you go the more competition you have to face. This means, it’s harder for anyone to make into the top 1% or 2% of the elite classes. Thus, my conclusion on this point is that the middle class is the middle way and the best way to attain the abundance of wealth. Why? The more people that are wealthy, the more people can spend the money to promote consumerism, consequently boosting businesses in our small world (i.e., globalization).
Basically, I’m not worrying how wealthier a top 1% or 2% elite class has gotten, but I’m more worrying about how poorer the middle class has gotten. The middle class is the middle way, and it can either go up or down. Going up is a positive movement, but going down can only increase the population of the poor. The poorer people get, the more desperate the people are. The more desperate people get, the more dangerous people are. By dangerous I mean people can do just about anything to survive.
History has shown us that the heads of elite classes were guillotined just because the poor were abundant. Someone got to take the blame for all of the sorrows in the world. Within our history, the elite classes might not have been so ruthless, but their heads were severed from their bodies for being so wealthy. Lands and wealth were confiscated by new power and sometimes were distributed in the wrong ways that would not elevate society in general.
Within our history, the poor had made wrong decisions that could shatter earth. One perfect example would be Hitler’s rise. I could be wrong as I’m not an expert in the history of World War II and Germany in general, but I think the poor elevated Hitler rise for they had believed in his positive persuasion of making Germany more prosperous in the time in which Germany was experiencing poverty and pessimism. As we all have known by now that Hitler’s rise gave way to an earth shattering war known as World War II. Millions of people died in such a war. Roughly around 60 millions people were killed in WWII?
Can we blame the poor for their desperations? I think not! The poor don’t have a choice. The poor have to take desperate measures so they can survive. Desperation is not a choice!
I think the world will be better off if the middle class can be enlarged. The larger the middle class gets, the smaller the number of the poor gets. I think the elites will sleep better when knowing there will be less riots and less people will go after their heads. Of course, their wealth will always be a big target for everybody no matter the state of the world is in, but at least they won’t see desperate people go after their heads as well.