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Page added on June 9, 2014
The world’s population is getting wealthier
The global population is not only growing, its composition is also changing in some very important ways. Over the next few decades, the number of people considered to be in the ‘global middle class’ is projected to more than double, from 430 million in 2000 to 1.2 billion in 2030 (or from 7.6% of the world’s population to over 16%). To put the source and magnitude of this growth in perspective, the World Bank predicts that by 2030, 93% of the global middle class will be from developing countries.
In the opinion of many seasoned investors and analysts, the growth in consumption driven by a rapidly expanding middle class in emerging markets could prove to be the defining investment theme of the next two decades.
11 Comments on "The world’s population is getting wealthier"
Plantagenet on Mon, 9th Jun 2014 7:16 pm
More data showing that Piketty and his leagues of admirers are wrong about how the global economy works. The FT showed that Piketty fabricated his data—no wonder Piketty’s “Capital” theories don’t agree with the real world data showing increasing growth of the middle class around the world.
Kenz300 on Mon, 9th Jun 2014 7:35 pm
Over a billion people live on less than $1.00 a day……
People are starting to understand that their poverty and family size are related. If you can not provide for yourself you can not provide for a child.
Overpopulation facts – the problem no one will discuss: Alexandra Paul at TEDxTopanga – YouTube
https://www.youtube.com/watch?v=fNxctzyNxC0
HARM on Mon, 9th Jun 2014 8:03 pm
“The FT showed that Piketty fabricated his data”
Flat out dead wrong. The Financial Times (esp. Giles) is the one that’s had to eat their words and issue retractions, not Piketty.
http://www.forbes.com/sites/scottwinship/2014/05/27/laffaire-piketty/
http://www.salon.com/2014/05/28/thomas_pikettys_numbers_arent_wrong_the_financial_times_big_whiff_misstates_the_entire_income_inequality_debate/
HARM on Mon, 9th Jun 2014 8:07 pm
By the way, it’s entirely possible for aggregate wealth to be increasing in “developing” countries, while the concentration of wealth increases in post-industrial nations.
Anyone who’s bothered to visit the U.S. in the past 3 decades or can read statistics can clearly see that the “middle class” here is shrinking, not growing.
Davey on Mon, 9th Jun 2014 8:45 pm
The growth of the middle class in Asia is responsible for the worst wealth inequality of any region in the world. It is a powder keg ready to blow espcially in China
Makati1 on Mon, 9th Jun 2014 9:15 pm
The top 1/1,000% are getting wealthier, not the 99.999% With the top 1,210 billionaires in the world owning more than the bottom 3,000,000,000+ population, the spread is going to cause heads to roll eventually. What can you expect. All of any ‘growth’ is going to the top. The top 1% has over $34,000,000,000,000.00 (34 trillion) stored away, mostly outside the US banking system.
“The U.S. Has The Worst Income Inequality In The Developed World, Thanks To Wall Street”
http://www.huffingtonpost.com/2013/08/15/income-inequality-wall-street_n_3762422.html
“…North America, Europe and high-income Asia monopolise the top decile, each regional group accounting for around one third of the richest wealth holders”…”
Davy, Hermann, MO on Mon, 9th Jun 2014 9:25 pm
Mak, shame on you using MSM to support your comment. You are always telling me not to read MSM because they are controlled by TPTB.
Mak, look around you and tell me how the P’s are doing with wealth inequality????
http://business.inquirer.net/8377/philippines-leads-in-income-inequality-in-asean-says-study
Makati1 on Mon, 9th Jun 2014 10:13 pm
” Bill Gates net worth: $78.1 billion as of Thursday, according to Forbes.”
“If Bill Gates took every dollar of his net worth (most of which comes from Cascade Investment, his investment firm, as well as Microsoft), he could afford to buy every home in Boston — and still be worth more than a billion dollars.”
http://www.washingtonpost.com/news/post-nation/wp/2014/06/05/bill-gates-could-afford-to-buy-every-home-in-boston/
Nuff said.
Makati1 on Mon, 9th Jun 2014 10:48 pm
Oops! More:
“…America, as she exists today, is a surveillance state, a police state, one where even the “1%’ers” are being bled by the “one-tenth of 1%’ers,” the 400 people who hold 70 percent of Americas wealth. The world’s largest prison system, overcrowded, a real gulag yet unspoken and unseen, standards of living plunging, press controlled, courts politicized, defending “the land of the free and the home of the brave” requires more than a small amount of “looking the other way” for any but the totally blind….”
http://www.veteranstoday.com/2014/06/09/ordered-suppressed-the-other-cold-war/
Gordon Duff is a Marine combat veteran of the Vietnam War that has worked on veterans and POW issues for decades and consulted with governments challenged by security issues. He’s a senior editor and chairman of the board of Veterans Today.
Perk Earl on Tue, 10th Jun 2014 12:26 am
” Bill Gates net worth: $78.1 billion as of Thursday, according to Forbes.”
This is just a side note I’d like to toss into the mix: His wealth keeps rising because they roll out new operating systems and kill off the old one’s, like XP, which they no longer support. XP had everything we needed. We paid a lot of money for that operating system on our three computers, but are told to move on, get a newer op. sys. that won’t work with your Canon Digital Rebel camera ($1100 dollars), HP printer ($260.) or HP Scanner ($225). So we’ll have to get new equipment that is supported by the new op. system. How much did Gates get from Canon and HP to help make their older equipment obsolete?
If Gates was so philanthropic, i.e. interested in helping the people, then why are we constantly being bilked for more money? It’s wasteful in the extreme especially when considering his total wealth. This part of why we are headed for a cliff because people are constantly paying over and over again for the same stuff.
adamc18 on Tue, 10th Jun 2014 1:29 am
Plant; That FT article attacking Piketty has been generally trashed. His analysis that the global economy is designed to transfer wealth to the top 0.001% still stands.