Good ideas and conversation. No ads, no tracking. Login or Take a Tour!
briandmyers · 3693 days ago · link · · parent · post: Richest 1% of people own nearly half of global wealth, says report
There exist wealthy people, who are protecting their interests, both in democratic nations and in totalitarian regimes.
The rich get richer, unless/until the poor get fed up with it. Rising standards of living tend to dampen that "fed up" factor, I suspect.
That is not the usual formulation, of course. But neither is this: The Rich Get Richer, And So Do The ChineseThe rich get richer, unless/until the poor get fed up with it.
In Asia, not counting Japan, Allianz estimates that 220 million people are upper-middle class and more than half of them are in China.