Article 409GE As global poverty declines, we should beware the new class wars | Kenan Malik

As global poverty declines, we should beware the new class wars | Kenan Malik

by
Kenan Malik
from Economics | The Guardian on (#409GE)

We're told the world is turning middle class, but those at the bottom have little to cheer

Half the world is now middle class. So ran the headlines reporting a Brookings Institution analysis of global poverty, according to which 3.8 billion people can now be defined as "middle class" or "rich". We have, Brookings suggested, reached a "global tipping point".

Economic development, in China and India in particular, has helped pull millions out of poverty, a shift reflected in these figures. What is striking about the report, though, is as much what it obscures as what it reveals. The four categories in the Brookings analysis are: poor, vulnerable, middle class and rich. Notice what's missing? The working class.

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