Sharing The Wealth

Discussion in 'Economics' started by libertad, Dec 14, 2006.

  1. It was interesting to see in this past week the number of articles that mentioned how unequal the wealth of the world has been distributed...

    It also made mention that this was a first report of its kind in that before there was no way previously to measure wealth distribution...

    What is interesting about this top ended distribution is to review the simple math that has to take place with regards to the globalization of the heavy top ended countries ...all the way down the the poorest countries...whereby the cumulative assets of the bottom 48 countries are less than the wealth of the top three individuals...

    The top ended countries were represented by Japan...USA...and Europe.....and numbers were tossed about at $180,000 per head in Japan...$144,000 in the USA...and a little less for Europe....

    The bottom end represented $1200...

    Thus with globalization...the idea is to further disperse wealth which would simply bring the averages for the top end down...thus bringing the bottom end at a higher level.....

    Thus globalization is a form for equilibrating or making more equal distribution of wealth...

    For one thing the report is highly flawed in that the numbers are averaged....In the US...2% of the population controls 80% of the wealth....

    Thus globalization is somewhat of a flawed concept..

    Furthermore the different world economies which also entails different currencies need to be viewed in a comparable format...

    In some countries one who has $20,000 could be considered very rich to their peers...whereas in NYC $20,000 does not go very far...
    ...........................................................................................

    And of course globalization is a directional concept at best...and has merit in some regards such as the general improvement of the very basic needs ...

    Food...clothing...water...shelter...health....education...are the basic needs .....but it just may be that globalization is a highly flawed..albeit well intended concept....

    The average view alone...and the comparables view....are seemingly mostly left out of the globalization concept...
    ...............................................................................................

    What is interesting in terms of globalization is the capitalization of assets...

    If a country has under-employed assets...and these assets are recognized in capitalistic markets ...then the assets have a chance to increase the wealth through the ownership of company stock....Thus the idea of creating more wealth in stock values certainly has merit...but the question is the distribution of this wealth...