Thursday, January 6, 2011

Growing Middle Class

Are countries like China, India and Brazil getting stronger? Here are two shows from TVO's The Agenda that gives us a better idea of where the world might be going in the next decades.





I would have to take the side not really believing that the middle class is growing or will make much difference in China or India. The levels are so low. It's not really fair to call the middle class in China the biggest in the world compared to countries like US and Canada when the a person making $2 a day can be considered middle class. The countries are growing but the people there are still just hanging on. China is growing at 9% a year and a person may have gotten a raise from $4000 a year to $5000 a year but unless that growth continues year after year after year, the so-called middle class will get very restless and demand more and more from the communist authoritarian government.

No comments: