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 Originally Posted by CoccoBill
Why's that?
Because it has been happening since the adoption of capitalism. Why does the term "middle class" even exists in the first place? It is a description of increasing resource equality. Back before the "middle class" was a thing, the gap in real resources between the rich and the poor was astronomical. Today it's much smaller, and in fact the poor today have more than the rich did a few hundred years ago.
Free market capitalism is the best tool we know of for the poor to grow their capital, and there is a lot more room for capital growth on their low end rather than the wealthy high end. On the high end, people tend to use their capital near capacity. On the low end, there are billions who are flat out restricted by governments from using their capital. If we take China for example, its rapid growth doesn't derive from something new or special; instead it derives from the government lifting restrictions on the types of capital the poor rely on the most. It's happening all through SE Asia and many other countries, and it's the same process that turned the West from poor to modern.
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