Middle Class

A nation’s productive—and moral, and intellectual—top is the middle class. It is a broad reservoir of energy, it is a country’s motor and lifeblood, which feeds the rest. The common denominator of its members, on their various levels of ability, is: independence. The upper classes are merely a nation’s past; the middle class is its future.

The middle class is the heart, the lifeblood, the energy source of a free, industrial economy, i.e., of capitalism; it did not and cannot exist under any other system; it is the product of upward mobility, incompatible with frozen social castes. Do not ask, therefore, for whom the bell of inflation is tolling; it tolls for you. It is not at the destruction of a handful of the rich that inflation is aimed (the rich are mostly in the vanguard of the destroyers), but at the middle class.

Copyright © 1986 by Harry Binswanger. Introduction copyright © 1986 by Leonard Peikoff. All rights reserved. For information address New American Library.

ACKNOWLEDGMENTS

Excerpts from The Ominous Parallels, by Leonard Peikoff. Copyright © 1982 by Leonard Peikoff. Reprinted with permission of Stein and Day Publishers. Excerpts from The Romantic Manifesto, by Ayn Rand. Copyright © 1971, by The Objectivist. Reprinted with permission of Harper & Row, Publishers, Inc. Excerpts from Atlas Shrugged, copyright © 1957 by Ayn Rand, The Fountainhead, copyright © 1943 by Ayn Rand, and For the New Intellectual, copyright © 1961 by Ayn Rand. Reprinted by permission of the Estate of Ayn Rand. Excerpts from Philosophy: Who Needs It, by Ayn Rand. Copyright © 1982 by Leonard Peikoff, Executor, Estate of Ayn Rand. Reprinted by permission of the Estate of Ayn Rand. Excerpts from “The Philosophy of Objectivism” lecture series. Copyright © 1976 by Leonard Peikoff. Reprinted by permission. Excerpts from Alvin Toffler’s interview with Ayn Rand, which first appeared in Playboy magazine. Copyright © 1964. Reprinted by permission of Alvin Toffler. All rights reserved including the right of reproduction in whole or in part in any form. Used by arrangement with Plume, a member of Penguin Group (USA), Inc.