> Speed running to become an actual developing nation.
That's what it looks like from the outside, but I can't understand what the gain is. Who benefits? The result of the middle class was massive advancement and an equally massive increase in standard of living for the wealthy who captured most of the gains.
What do they gain from stagnating innovation and a lack of education, services, etc.?
It makes me think of the old Olympic and sports videos. The participants basically suck because they're coming from a small pool of people wealthy enough to not need a job. Do they really want the pool of candidates competing to become doctors, etc. to be smaller which will end up lowering the overall quality for them?
Or do they think they'll simply hire the best and brightest from other countries that are investing in their citizens?