Revolution: Middle Class and Planet

revolution: It's a critical juncture After thousands of years of most people on the planet living as serfs, as slaves or in other destitute scenarios, half the population now has the financial means to be able to do more than just try to survive, according to The Toronto Star. There was almost no middle class before the Industrial Revolution began in the 1830s, Kharas said. Kharas defines the middle class as people who have enough money to cover basics needs, such as food, clothing and shelter, and still have enough left over for a few luxuries, such as fancy food, a television, a motorbike, home improvements or higher education. It was just royalty and peasants. Today, the middle class totals about 3.7 billion people, Kharas says, or 48 per cent of the world's population. Now we are about to have a majority middle class world. (news.financializer.com). As reported in the news.