The middle classes in the Global South gained growing attention since the turn of the century, mainly through their rapid ascendancy in the Asian emerging economies. A side effect of the economic growth during these "fat years" was a relative increase of monetary income for a growing number of households. This also benefited some lower income groups in resource-rich African economies. Many among these crossed the defined poverty levels, which were raised in late 2015 from $1.25 a person a day to $1.90. As some economists had suggested, from as little as $2 they were considered as entering the “middle class”. The ominous term was rising like a phoenix from the ashes to characterise this trend. It added another label to the packaging of a neo-liberal discourse. By emphasising the free market paradigm as creating the best opportunities for all, it suggests that everyone benefits from a laissez-faire economy. But the middle class concept remained vague and limited to number crunching. T...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.