2018-12-05 16:45:20 UTC
The middle class has been shrinking since at least since the mid
1970s. It's a trend that never seems to stop. Aristotle's concept of
the ideal society was shaped like a four-sided diamond, with a small
class of very wealthy people at the very top, a small class of
extremely poor people at the bottom, and the great mass of prosperous
middle class people in between who were neither rich or poor. However,
since the mid-70s the Aristotelian Diamond, in America, has began to
look a lot like a Third World economic pyramid, with a tiny elite of
extremely wealthy people at the top:
"Why Inequality Matters Aristotle and the Middle Class
Its now evident that the middle class is disappearing, and at an
alarming rate, as can be seen in the video below.
But why does a disappearing middle class matter? Why should I care
about this thing called inequality? you might ask.
The reason why you should care was clearly laid out by a Greek
philosopher, Aristotle, 2,400 years ago.
Aristotle pointed out that if the middle class disappears, then the
poor will become the majority. The poor tend to be less educated than
the rich, and they tend to struggle just to make ends meet. If the
poor are the majority, then in a democracy they will vote to take away
the money from the rich!
So, what are the rich to do?
Well, do away with democracy of course! Democracy, at that point,
becomes too much of a threat to the elite, and the elite start taking
steps to limit the power of government. (Moves to limit voting by the
Therefore, as the middle class disappears, democracy disappears with
On the other hand, with a MAJORITY middle class, democracy works, and
it works well. Why? Because the middle class tends to be educated and
has just enough prosperity that members of that class can see
themselves becoming rich some day, so they dont punish the rich, and
they have compassion for the poor, being that many of them came from
poverty. The middle class stands between the two extremes, the poor
and the rich, and you end up with a well functioning democracy.
Here Aristotle describes just that in his book Politics:" [. . .]"
The middle class is a milk cow
with millions of tits . . . but it's