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Richest 2% own half the world's wealth

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Richest 2% own half the world's wealth

Postby Zardoz » Tue 05 Dec 2006, 17:06:17

We knew it was bad, but not this bad:

...the poorer half of the world's population own barely 1% of global wealth.

$this->bbcode_second_pass_quote('', 'W')hat they mean by wealth in this study is what people own, less what they owe - their debts. The assets include land, buildings, animals and financial assets.

And, as the population continues to balloon, this inequity can only get worse. Most of those 300,000 that are added each day will grow up to have no "wealth" at all.
"Thank you for attending the oil age. We're going to scrape what we can out of these tar pits in Alberta and then shut down the machines and turn out the lights. Goodnight." - seldom_seen
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Re: Richest 2% own half the world's wealth

Postby lateStarter » Tue 05 Dec 2006, 17:21:44

The only chance we have to change where we are heading is in the hands of the '2% Club'. What are the odds of that happening? As always, those in power will do nothing to jepoardize the status quo. We are doomed...
We have been brought into the present condition in which we are unable neither to tolerate the evils from which we suffer, nor the remedies we need to cure them. - Livy
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Re: Richest 2% own half the world's wealth

Postby rogerhb » Tue 05 Dec 2006, 17:34:01

$this->bbcode_second_pass_quote('lateStarter', 'T')he only chance we have to change where we are heading is in the hands of the '2% Club'.


If the future is their hands then best put their heads in some baskets.
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Re: Richest 2% own half the world's wealth

Postby lateStarter » Tue 05 Dec 2006, 17:53:20

$this->bbcode_second_pass_quote('rogerhb', '')$this->bbcode_second_pass_quote('lateStarter', 'T')he only chance we have to change where we are heading is in the hands of the '2% Club'.


If the future is their hands then best put their heads in some baskets.


And who is going to do that? After the '2% Club' we have the '10% Club' who will do anything and everything in their power to stay on good terms with the '2% Club' - obviously they have high hopes of moving into the '2% Club'.

The next 38% (rapidly disappearing middle class) are too busy trying to maintain some sense of normalcy to do anything other than complain that the cost of cable TV keeps going up. I'm not sure about the rest of the world, but in America the middle class is incapable of revolution.

The bottom 50% are too busy scrounging for food and water and stuff to burn to keep warm or they are employed in the armed forces of their country (or warlord, etc...) and will cheerfully put down any sort of 'insurrection' by the whining middle class in their midsts at the request of their enlightened leaders.

I repeat - we are doomed!
We have been brought into the present condition in which we are unable neither to tolerate the evils from which we suffer, nor the remedies we need to cure them. - Livy
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Re: Richest 2% own half the world's wealth

Postby NEOPO » Tue 05 Dec 2006, 18:03:22

all that yet zionist NWO theories dont fly here? 8)
It is easier to enslave a people that wish to remain free then it is to free a people who wish to remain enslaved.
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Re: Richest 2% own half the world's wealth

Postby mmasters » Tue 05 Dec 2006, 18:17:25

$this->bbcode_second_pass_quote('pstarr', 't')his is apocalyptic. That fanastic wealth is parked in 'instruments.' Securities, real estate, stocks, etc. etc. etc. It does nothing. It contributes nothing. And it is getting rusty and will crumble into nothing unless it is cycled and recyled through the productive economy.

And just think the top 2% will probably own 95% of the world if there's a financial meltdown.

Just remember that 99% of the world population is oblivous to what's coming and in the US alone 70% of the population lives from paycheck to paycheck.
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Re: Richest 2% own half the world's wealth

Postby Daculling » Tue 05 Dec 2006, 20:03:11

I think it's been said before here... the middle class is the wall that keeps the poor from the throats of the rich. If that goes all you can do to maintain order is mass murder.
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Re: Richest 2% own half the world's wealth

Postby PrairieMule » Tue 05 Dec 2006, 20:10:01

$this->bbcode_second_pass_quote('Zardoz', '[')url=http://news.bbc.co.uk/2/hi/business/6211250.stm]...the poorer half of the world's population own barely 1% of global wealth.[/url]


Yeah but the irony is that 1% on the wealth owned by the poor probably has a clear title, what is left in between is financed.
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Re: Richest 2% own half the world's wealth

Postby lotrfan55345 » Wed 06 Dec 2006, 01:20:08

2% is ¬130,000,000 people though.
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Re: Richest 2% own half the world's wealth

Postby mmasters » Wed 06 Dec 2006, 01:45:29

IIRC the top 1/100th of 1 percent (about 500,000 people or a small to medium size city) own about 10% of the planet.
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Re: Richest 2% own half the world's wealth

Postby gego » Wed 06 Dec 2006, 02:02:54

Do you know what this statistically abnormal distribution of wealth indicates?

Here is a clue: The distribution of wealth on a pre US Civil War southern plantation; the master and his family with the majority of the wealth, a few middle class hired overseers, and the majority of the people being slaves with almost no wealth.

I say the world maldistribution of wealth is an indication of slavery, otherwise we would have a normal distribution of wealth.

This slavery is created and enforced by the masters in power. The only difference between slavery on a southern plantation and the worldwide plantation we live on now is the chains are now invisible; the chains are embodied in the laws that grant privilege to the few at the expense of the many. The chains are so much a part of everyday life that nobody sees them; they are just hiding in plain sight, so ordinary and usual.

And the absolutely most absurd part is that in the "democratic" nations we actually willingly vote for the master class who then enforce this system of plunder upon us.
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Re: Richest 2% own half the world's wealth

Postby NEOPO » Wed 06 Dec 2006, 11:39:45

Oh just stop it with your wacky conspiracy theories will ya!!

Yer making peak oil look bad!! 8)

:edit: forgot to add the following:
"why do we talk about it if we cant do anything about it?"
"how does this matter?"
"dont say things like that unless you want to end up in some detention center!"

<sarcasm off>
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Re: Richest 2% own half the world's wealth

Postby gego » Wed 06 Dec 2006, 12:03:06

$this->bbcode_second_pass_quote('Daculling', 'I') think it's been said before here... the middle class is the wall that keeps the poor from the throats of the rich. If that goes all you can do to maintain order is mass murder.


There are so many examples of mass murder. Look at Stalin, Hitler, Pol Pot, and a host of African tyrants, all just in the lifetimes of those still alive today. And that only counts what government does to their own people, not to the people claimed by other governments.

Since the middle class is being destroyed by their march toward poverty, how soon before we get to see this up close and personally? I think it could be part of the post peak world where civility disappears in the scramble for survival.
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Re: Richest 2% own half the world's wealth

Postby TommyJefferson » Wed 06 Dec 2006, 13:04:27

NPR said yesterday regarding this story that anyone with $6,100 in assets is in the top 10%.

WhooHoo!

I have that much assets in guns alone, not to mention my land, motorcycle, MRE's, roto-tiller, etc. I'm in the top 10% of the richest people on the planet!

Suck it peasants!
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