You've all heard the news about how 85 people have the wealth of 50% of the world's poorest people -- and that inequality was growing (old news, I know, bla, bla, bla.)
But consider if at the current rate, this inequality exponentially escalates (as it has been doing, just like with computer intelligence). What might capitalism and the world be like in just 20 years --- if maybe only 185,000 people had the wealth of 75% of the world's poorest people?
And then 10 years after that...and the top 0.01% had the wealth of the 99.99% of the world's poorest people.
Wealth, like Earth's natural resources, isn't infinite. Like Albert Einstein theorized: "Energy cannot be created or destroyed, it can only be changed from one form to another."
Wealth too, hasn't been created, but has only changed form—by being redistributed from the bottom to the very top.
America is living the economic reality of pilfer by the rich, a class war that the rich is winning. When the master of unfettered capitalism Henry Blodget starts questioning the false conventional wisdom promoted by the apologists for the American plutocracy, one must take heed. There is a simple question that one can ask to determine if the rich is deserving or not:
"If a farmer who tends his crop is placed on a deserted island and a rich man who is constantly cared for is placed on an adjacent island, who do you think would survive?"
In the Darwinian nature of the current Republican Party, their rhetoric do not match those they consider worthy. Do not be fooled into the belief that the rich is inherently worthy of their wealth. It is America's society that provides the wherewithal for the country’s wealth. It is bad political and economic policy that allows the few to hoard the wealth that was created by most of us. For the most part, the rich is truly undeserving of their wealth.
Bill Gates: "By 2035, there will be almost no poor countries left in the world. Almost all countries will be what we now call lower-middle income or richer."
We can hardly wait Bill.