Issue Claim that a stronger middle class produces trust and virtuous governance

Summary

The Megatrends 2040 report outlines several mechanisms through which the middle class supports economic growth. Stable demand encourages investment, which in turn boosts growth. The report also claims that a stronger middle class brings more trust and stability to society and the economy. It further argues that a robust middle class encourages good governance, the proper functioning of institutions and efforts against inequality, and that it carries values such as social responsibility, a work ethic and intolerance of crime. These claims underpin the report's view that the larger the middle class becomes, the more the economy grows in the long run.