The middle class was essential for a stable and prosperous society from "summary" of The affluent society by J.K. Galbraith
The stability and prosperity of a society depend heavily on the presence and strength of the middle class. This group plays a vital role in maintaining social order and economic balance. Without a robust middle class, a society is more susceptible to volatility and unrest. The middle class serves as a buffer between the extremes of wealth and poverty. They are the backbone of the economy, driving consumer spending and supporting small businesses. Their purchasing power helps to stimulate economic growth and create a more equitable distribution of wealth. In addition to their economic contribu...
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