Decimation of the middle class is a natural tendency of capitalism, but politically its highly desirable to have a middle class. So the middle class in a highly capitalist society ends up being somewhat precarious. Billionaires aren’t attacking the middle classes more than laboring classes, but the “answer” to almost every problem caused by overproduction bubbles is to somehow suppress wages. The government, which needs a strong middle class for political stability, now has to find a way to lower wages or ,in the case of business owning/managing middle class, make new capital investment difficult. There are different kind of middle class, so there are different ways of accomplishing this. But as a result, middle class people are class conscious to the extent that they feel always threatened, but often aren’t able to link it to the economic system, or if so then they might not be able to link global economic problems to the actions that actually caused the problems.
Decimation of the middle class is a natural tendency of capitalism, but politically its highly desirable to have a middle class. So the middle class in a highly capitalist society ends up being somewhat precarious. Billionaires aren’t attacking the middle classes more than laboring classes, but the “answer” to almost every problem caused by overproduction bubbles is to somehow suppress wages. The government, which needs a strong middle class for political stability, now has to find a way to lower wages or ,in the case of business owning/managing middle class, make new capital investment difficult. There are different kind of middle class, so there are different ways of accomplishing this. But as a result, middle class people are class conscious to the extent that they feel always threatened, but often aren’t able to link it to the economic system, or if so then they might not be able to link global economic problems to the actions that actually caused the problems.