[tabs]

Since the Middle Ages there has been a Middle Class. They are the store owners, the trades man, the importers exporter and the Bankers (in the middle ages one could NOT be a Christian and lend money for interest, therefore only the Jews were bankers in Europe).

In America one could become Middle Class and be an unskilled facotry worker (Unionized) starting in the 1950's. After WW2 the USA was the only industrialized nation in the world that was unscratched by the war, and they had to buy form us or do without (tractors, heavy equipment) So our labour could charge a premium. Before WW2 one was just working class. The Middle Class in America before WW1 were the tradesman, MD's Lawyers, store owners, sm factory owners..much smaller.

Going forward we are going to return to a more segmented society. eg a smaller true middle class. The dream of a large inclusive Middle Class, was doomed from the begining since the Marshall Plan in 1948 was conceived to rebuild our competitors industrail capacity. It took the USA rougly 40 years (1968) to squander by living large the money we made during and right after WW2.


We have become a SUBPRIME NATION.