billionaires set up factories in china so they can transport the end product to walmarts to sell to americans.they didnt give no shit about no china middle class.over time the labour of the poor chinese made them richer and made them demand more goods,this kickstarted the market in china and middle class and billionaires rose.
Of course the billionaires set up factories in China in order to make more money. However in doing so they had to employ thousands of techs, engineers, factory managers, supervisors who otherwise would not have had the opportunity to become the middle class.
It was the same in Singapore in the 70s and 80s. If Seagate, TI, Fairchild, Conner etc not poured money into Singapore to set up factories I would have had the opportunity to work for these companies and later on set up a business to support their operations.
I did not just become middle class thanks to these billionaires I actually became reasonably wealthy and retired in my early 40s.
My Dad, my Uncles, my Aunts did not have these opportunities when they were growing up because there were no investments from billionaires during that era.
These billionaires enabled me to increase my spending power and I in turn ended up being able to afford the good things in life too. When I consumed others in turn benefited.
