According to Credit Suisse, 3.5 billion people—corresponding to 70% of all adults in the world—own less than $10,000. With this gap widening and the majority being young. Looking ahead, is this a strategic threat to the United States?
I was happier when I owned almost nothing.
I had so much more freedom.
Maybe its a blessing in disguise.
Considering how many adults are under 30, this sounds reasonable. Especially considering the effect of student debt.
No, not really. We could conquer the entire world if we wanted to. The threat is from internal revolution, and for the sake of us 99%ers, I hope it's an imminent threat.
People buy the things the want on credit. They’d have a lot more if they didn’t buy so much stuff.
That doesn’t really explain Africa and the sub continent of Asia.
The world is getting richer. Fact.
This has been a fact since more nations started to adopt capitalist policies starting in the mid 20th century.
The world is getting richer, but the sheer number of people that are getting Rich is pretty small. It’s a select few at the top – 1% – that are now in control of over half the world’s wealth.
Whatever the cause, at some point the numbers become worrisome.
Quality of life is increasing for everyone.
When’s the last time you were in Africa? Or Bangladesh? Or Indonesia?
“According to the IMF, Bangladesh's economy is the second fastest growing major economy of 2016, with a rate of 7.1%”
The quality of life in the third world is also increasing. Health, life expectancy, communications, technology...
We are talking objectively and you are doing it subjectively. If you don't compare almost every country is doing better than 40 years ago (with the exceptions of countries like Syria and Venezuela).
Also the meaning of being poor has changed. Some years ago, only the rich had access to clean water, healthcare, education.... now, all of this are a given for most in America. Most everyone even has a smartphone.
Just because Jeff Bezos has 100 billion doesn't make you poorer.
Then you wouldn’t mind changing places with a family in Dacca would you? You’re not sacrificing your quality of living. Or is that just you talking out of your ass?
Maybe Dar es Salaam? Hey, you would have your smartphone! 👍🏻
For the math and paired: if your standard of living is so low already, a growth rate of 7.1% takes you from starvation to abject poverty. 🎉 woohoo!
Proves Redsox correct and yes being a fast growing poor nation is a great step forward compared to being stuck embracing third world ideologies and no improvement.
Supp, you keep comparing. Stick to absolutes. How is America's fault that Bangladesh or Tanzania are so poor? How would us having less wealth would make them better?
We are very lucky to live in America. And I'm sure that spreading our values and sharing our accomplishments would create an organic growth on those countries.
Again you missed the point of the poll: no matter whose “fault” poverty is, at what point do all the “have nots” get tired of having the rules stacked against them and come after the “haves”. 70% is a LOT.
And when the “have nots” do go after the “haves” they make their situation extremely worse. All the jobs provided by the haves and all the charity and social services paid for by the haves are then gone. As usual the people with that mentality screw themselves too.
You think they care about that in Ethiopia?
Ands that’s the problem. Instead of thinking how to improve their own lives they either do nothing, sit and wait for others to do something, or try to take from someone who has something. All those lead to negative effects.
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