Speed running to become an actual developing nation. This is what millions of migrants are trying to escape from. Ironic, for all parties involved (well, except for the ones on top of course)
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?
Alternatively "better to rule among the miserable than to serve among the great."
It's a consistent theme with most autocracies.
That's it, that's the only goal.
The days of Henry Ford capitalists who think their workers should be paid enough to buy their products seems to be unfashionable (even though he was a Nazi supporting racist, he had his head screwed on better than they do).
The end game of full on narcissistic capitalism is coming. Hopefully the Henry Ford types wake the fuck up and do something about their peers losing the fucking plot entirely.
People who would rather be kings of shit mountain, than rich and powerful but bound by law in a functional society.
In addition to what the other replies are saying (I think they're all at least partly right), Trump benefits. Right now.
He's getting to be the King he always believed was his right and due.