Middle Class Shrinking is not a
Trivial MatterSam Ghandchi
http://www.ghandchi.com/1705-middle-class-english.htm
Middle Class Shrinking is not a
Trivial Matter
Sam Ghandchi
http://www.ghandchi.com/1705-middle-class-english.htm
تحلیل رفتن طبقه متوسط موضوع پیش پا
افتاده ای نیست
http://www.ghandchi.com/1705-middle-class.htm
In the last six months on several occasions
different aspects of shrinking of middle
class was discussed (1). At least in the U.S., it is a fact that in the
last 20 years, middle class has been shrinking significantly. The question is
whether this trend will continue in the U.S. and global economy. As noted
in details in August (2), Marxist theory was based on disppearance of middle
class in Europe and when that prediction did not materialize in 20th Century, as Karl
Popper put it, Marxist Economics fell to the status of a pseudoscience and was
reduced to an ideology.
If what we have witnessed in the first two decades of 21st Century
regarding the shrinking of middle class continues in the post-industrial society, all economic
assessments of 20th Century will change. True that we do not have organized
labor as Marx saw to be the result of economic polarization, and even the
current job categories are hardly unionized, but definitely political structures
like traditional US Democratic Party will not work anymore and solutions like
Bernie Sanders' Democratic Socialism may be the answer to such developments. Of
course, it is too early to have the final verdict about the end of middle class
in 21st Century and if an economic boom like we saw in the 1990's happens, we
may see a revival of the middle class, but the current economic trends in
the U.S. and even in countries like Iran point to shrinking of the middle class.
Hoping for a democratic and secular
futurist
republic in Iran,
Sam Ghandchi, Editor/Publisher
IRANSCOPE
http://www.ghandchi.com
http://www.iranscope.com
November 28, 2017
Footnote:
1. Middle Class
طبقه متوسط
2. Are Hawking and Musk Right about AI's Danger
http://www.ghandchi.com/1542-ai-hawking-musk-english.htm
آیا دیدگاه هاوکینگ و ماسک درباره خطر هوش مصنوعی درست است
http://www.ghandchi.com/1542-ai-hawking-musk.htm
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