Saturday, June 30, 2018

The Importance Of The Middle Class

What country currently resembles the US of the 1950s with roughly 8% GDP growth? You probably guessed right, China. Aside from the fact that China has been handed every manufacturing job in the world from others, the result has been a growing middle class which will soon become larger than the population of the US. According to a study by consulting firm McKinsey & Company, 76 percent of China’s urban population will be considered middle class by 2022. That’s defined as urban households that earn US$9,000 – US$34,000 a year. (That might not sound like a lot, but adjusted for prices, it delivers a roughly comparable “middle class” existence to other countries.) In 2000, just 4 percent of the urban population was considered middle class.

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China rising, USA falling. Who is to blame?

At least half the "trade deficit" to China is the result of US corporations which off-shored their production facilities. This is NOT China's fault. We have been betrayed by "our own" corporations. You can read about it here:

Do you want to restore the US middle class? Then revoke the charters of these fascist, traitorous US corporations, seize their assets, jail their directors, and force them to move production back to the US. Nothing else will do.

And if we don't, when the Trump blip is over they will pull the plug on what is left of our economy and we'll be burnt toast.

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