Not a prediction. Just my opinion from what I know...
The problem with the dinosaur Republican and other political conservatives' beliefs are the fact they are not recognizing the change in worldwide economics. The world population's family income is reverting to a "middle class" average. This means most people in the world, in about fifty years, will be considered to have a "middle class" income.
You can't ignore the middle class needs by enhancing political policies for the rich while ignoring the middle class. Trickle down from the rich to the poor will not work if most people in the world are middle class.
The middle class will simply revolt against unfair political policies to support the rich and ignore the middle class- in Africa, India, Europe, America, Asia and the Middle East!
Supporting universal health care and infrastructure improvements across the world where the middle class rule will help placate an increasingly burdened middle class society in the future.
Reference: The New Global Middle Class: A Cross-Over from West to East
...
"This chapter argues that this is too pessimistic a view of Asian consumerism. Instead, we argue that several Asian countries, in particular China and India, have reached a tipping point where large numbers of people will enter the middle class and drive consumption. The policy measures to support such a transformation in China should be focused on increasing the share of household income in GDP – policies which can have almost immediate impacts – rather than lowering household savings"...
The problem with the dinosaur Republican and other political conservatives' beliefs are the fact they are not recognizing the change in worldwide economics. The world population's family income is reverting to a "middle class" average. This means most people in the world, in about fifty years, will be considered to have a "middle class" income.
You can't ignore the middle class needs by enhancing political policies for the rich while ignoring the middle class. Trickle down from the rich to the poor will not work if most people in the world are middle class.
The middle class will simply revolt against unfair political policies to support the rich and ignore the middle class- in Africa, India, Europe, America, Asia and the Middle East!
Supporting universal health care and infrastructure improvements across the world where the middle class rule will help placate an increasingly burdened middle class society in the future.
Reference: The New Global Middle Class: A Cross-Over from West to East
...
"This chapter argues that this is too pessimistic a view of Asian consumerism. Instead, we argue that several Asian countries, in particular China and India, have reached a tipping point where large numbers of people will enter the middle class and drive consumption. The policy measures to support such a transformation in China should be focused on increasing the share of household income in GDP – policies which can have almost immediate impacts – rather than lowering household savings"...
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