Peter Thiel on the Middle Class

“One fairly minor quote [from the recent Ross Douthat interview of Peter Thiel] that’s worth thinking about: “I would define the middle class as the people who expect their kids to do better than themselves.” This is actually a great working definition: a dividing line between middle and lower class is the assumption that the system basically functions well, and that if you work hard and follow the rules you’ll come out ahead. If you don’t believe that—for good reasons or bad ones—you’ll behave quite differently.”

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