When the poors see their standard of living decline (exporting jobs, expensive real estate, shitty schools, ineffective government) all while the rich get richer, yeah, the basic social contract between the classes evaporates.
You may trust your neighbor, but that has zero bearing on society at large. Society only works if the different classes trust each other not to screw each other out of existence.
We're seeing this in all the rich countries now- a generation of youngsters are realizing that a middle class existence may not exist for them. Even in Europe, which is more egalitarian, things aren't looking as rosy as they used to be. And of course in poorer countries with high birth rates, we already see turmoil as young angry men realize they are destined for a life of poverty while their government enriches itself.
EDIT: I think the guy who started Huawei said something to the effect of when you are a millionaire, you only care about yourself, but when you are a billionaire, you are all the sudden responsible for a lot of people. I wish that attitude permeated our business schools and boardrooms. The amount of people from top business schools who parrot "Always do the right thing" and then proceed to sell their own grandmother down the street blows my mind.
You may trust your neighbor, but that has zero bearing on society at large. Society only works if the different classes trust each other not to screw each other out of existence.
We're seeing this in all the rich countries now- a generation of youngsters are realizing that a middle class existence may not exist for them. Even in Europe, which is more egalitarian, things aren't looking as rosy as they used to be. And of course in poorer countries with high birth rates, we already see turmoil as young angry men realize they are destined for a life of poverty while their government enriches itself.
EDIT: I think the guy who started Huawei said something to the effect of when you are a millionaire, you only care about yourself, but when you are a billionaire, you are all the sudden responsible for a lot of people. I wish that attitude permeated our business schools and boardrooms. The amount of people from top business schools who parrot "Always do the right thing" and then proceed to sell their own grandmother down the street blows my mind.