Capitalism does not elevate… it expropriates and impoverishes. Its urban slums and shanty towns are a step down from the rural, quasi-capitalist material it begins with. Worldwide, it expropriates wealth from the many instead of creating “prosperity”. (Image)
The original American reference to a “middle class” probably comes from Britain. It referred, as on the continent, to the propertied but untitled yeomanry of the countryside, the rising burghers in the cities, and the mercantile classes as a whole. It was an accurate naming. Originally, what was to become the bourgeoisie really did stand between the aristocracy and the property-less classes.