The Middle Class Is Not ''Normal''
About Nicaragua? No but about what gets discussed here quite often in a whole assortment of ways. Here are a few:
- Nicaragua has a small middle class. That needs to be fixed.
- In the good 'ol USA, we have a big middle class.
- We need to stop handing out things to people -- they need to work to get them.
You get the idea. For a lot of us older guys, we remember the post-WWII boom. A lot of us saw it as Capitalism working. Since then, things seem to have stalled. Typically we like to blame people and/or too many government handouts. An article in Truth-Out offers another possibility.
Despite what you might read in the Wall Street Journal or see on Fox News, capitalism is not an economic system that produces a middle class. In fact, if left to its own devices, capitalism tends towards vast levels of inequality and monopoly. The natural and most stable state of capitalism actually looks a lot like the Victorian England depicted in Charles Dickens' novels.