I remember at around 14 at school I had an old excentric economics teacher, a very knowledgable old fella, and he would go on and on out of topic on his rants, he always said that the rich poor gap will increase many folds over the decades...however, his view was that people in rich societies such as western Europe and North America will continue to get richer and poorer nations and its citizens will be let behind. It made every sense to me at the time.
Fast forward 20 years on now, and the above is so far fetched from the truth of what actually has happened and is happening. Vietnam tops the list of fastest growing UHNWI (ultra high networth inidviduals) populations by country, forecast to increase 166% between 2013 and 2023. Followed by Indonesia (144%), Cote d’Ivoire (116%), Kazakhstan (109%) and Mongolia (100%). The middle east, Africa and Russia sees the fastest rate rises of UHNWI.
It is forecasted that China will have more More Billionaires Than UK, Russia, Switzerland & France (Combined).
Bob Diamond the Aemrican ex-Banker from Barclays Wealth is setting up a new venture in Africa, which is currently one of the fastest growing economies and the rate of millionaires emmerging from Africa is also one of the fastest, for the first time this is stemming from entrepreneurial individuals rather than embezzelement by corrupt rulers.
2014 the number of people in North America and Western Europe who can barely afford to live and pay for necessities has drastically increased, the poverty threshold keeps getting lower, yet there's a large and increasing number of individuals in third world countries enjoying staggering levels of wealth.
Is European and modern democratic societies as a whole creating generations of individuals who are "ok" yet the world is striving for the top? In scandinavian countries people are discouraged from showing off success and are taxed to the gills....a system that will tone down on the level of people shooting up for the stars, and to similar extents this is happening in the UK and the US....I certainly see it from my side.
This isn't a consipracy theorist type of thread, but I certainly advise people to watch out for the Horse Blinkers our modern rulers are trying to impose on us.
