Sunday, 14 December 2014

Waiting for the Great leap forward

Oxford academic Danny Dorling recently  observed a remarkable and disturbing phenononem. Last years the world's richest 1%  owned 41% of the world's wealth. What bloody century are we living in? Pinched myself, yes it's the 21st, but it gets even worse. This year alone the richest 1% owned 48% of total wealth. That's an increase of just 7% in just one year.
If this is to continue for say another  7 years,  this would mean that the 1% would earn 100% of the world's wealth. Crazy. It does not take an economist to point out  that it's just not possible. 
Dorling concluded therefore that in the next 7 years something is going to happen. No one can tell what, but I have a few ideas. It is clear  that if things continue as they are, something seismic is going to happen. Hope people are pushing in the direction I want it to go.
Waiting for the great leap forward.

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