General Discussion
In reply to the discussion: The Snowden Saga has revealed something else [View all]FarCenter
(19,429 posts)We were arms merchant to the winning side in WW I & II, we had all the gold in the world in Fort Knox, we had the only unbombed major industrial infrastructure in the world, we had the world's greatest oil fields in California, Texas and Oklahoma, and we had rich agricultural, forest and mineral resources.
Of course we were rich.
The virtue of our economic and political systems or the merits of the American middle class had nothing to do with it.
The American middle class wasn't even a middle class -- they were just a working class benefiting from a historically anomalous confluence of circumstances that meant that they could live far better than workers in most of the rest of the world. The middle of our 5% of global population was living above the 90th percentile of the rest of the world. Our 1% was the global 1%.