Eighty-five people in the world have as much money as do the poorest 3.5 billion. The
top 1% have almost half the liquid wealth that has been accumulated in
the world. But the world is different from the 1800s and 1900s.
Wealth is not generated by a few people exploiting the factory worker
or the guy in the mine, wealth is generated by a few people with a new,
good idea who then sell it to a huge number of people who pay very
little for it. TVs, phones, apps--this is a new and different economic
scenario. Google gives away a lot of their apps. The zero sum argument
ending with blood all over the walls just does not have application now.
The rich guy is the inventor, the innovator, and his products are cheap
and everyone really, really wants them. Is anyone mad at Jan Koum,
a refugee from Kiev who has been living on food stamps, who created
tremendous wealth with a partner and less than 70 employees in just a
few years on the strength of an idea and some venture capital?
These are hard times for community organizers, too.
These are hard times for community organizers, too.
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