It’s not welfare logic, since no (welfare)money is spend according to a western plan.
And this is not about forced redistribution. (BTW, since it was communist redistibutors who did this wonderous “wirtschaftswunder”, I guess you have to cut them some slack)
Hundreds of millions of asians got richer. You don’t need a lot to advance from poverty to low middle class.
The chinese dream in the sixties/seventies was described as: a bicycle, a sewing machine, a wrist watch, a radio.
Nowadays, it’s a car, modest furniture, bigscreen TV, a karaoke machine etc.
The question is: will they get it? It’s one thing to outfit everyone with a fishing rod. It’s a wide stretch however, to imagine that a yacht will be the logical next step.
According to you, the first little step did cost the west’s middle class a lot (thourgh competition). What will the next step bring?
If the world’s other poor (billion) souls rise up to work hard, will “our” fortune plummet again (more competition)?
Will someday the word’s majority be lower middle class? [/quote]
Well first, where would that be billion be? There is only one billion left and they do not seem to able to get at least a stable dictatorship going. If they also rose to lower middle class level, more power to them. That would probably cost us another decade of stagnating wages but so what Africans are people too. Incidentally China already is starting to outsource.
Sooner or later it will stop though because we will run out of poor people and than wages will rise again world wide.
Then, so what if nobody made that happening vis a central plan. That just shows what libertarians have said all along namely that the free market takes care of poor people best. Surely achieving the goals without coercion is even better?
Is it not interesting that German unions demand “solidarity” from rich Germans yet go apeshit when their wealth is spread to even poorer Chinese people? Where is so inclined IO might feel tempted to point out that they are not about fairness, solidarity and equality but about securing the well being of their constituency.