| Reading The Economist about the middle class it has risen fast in recent years over the world and they think the economy downturn will hurt this and with it the values to better the world. ''A reversal of middle-class fortunes could have serious effects. As this report has argued, the new middle class contribute a lot to a country's growth, effeciency and equity-as consumers, as investors in ''human capital'' and because they engage in a wider range of economic activities than the rich and are more likely to create jobs than the poor. They also tend to promote liberalisation and, indirectly, democracy by moving moving their countries away from the politics of patronage. All of these things would be at risk if they would be hurt by recession.'' |
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