Monday, March 23, 2009

Math

Math is not my strength. What is 40 trillion divided by 6.8 billion? I come up with 5,882.35. The relevance of these numbers as I understand them is that the current world wealth is approximately 40 trillion and the current population is approximately 6.8 billion. I have often viewed the insanely wealthy and grossly obese with some perplexity and disdain. It seems that at some point a person could not want for more and would consider how their excess resources may help others. This certainly does not seem to be the case in Washington or on Wall Street (or anywhere really). I have suspected that there is really more than enough to go around and decided to look into that premise. Statistics like 1% of the world population owns 40% of the worlds wealth and 10% owns 80% (UNU-WIDER) seem staggering. However, if the average wealth per capita is $5,882.35 (adjusted to USD and US economic equivalents) maybe that premise is faulty. Maybe "Professor Pangloss" was right. If there were no starving masses, there could be no multimillion dollar aggro-corporations creating high yield GMO seed, no +100k dollar machines to plant or harvest the grain, no rich tax payers to subsidize the gentlemen farmers, no commodity brokers to value the grain, no trucks or trains to haul the grain to ports, no ships to carry the grain across oceans, no oil cartel's to refine the crude to fuel the farm machines, trucks, trains and ships and no corrupt governments to confiscate the grain and release some of it to feed the starving. "God is in his heaven and all is right with the world". In considering world wealth statistics, it would be very interesting to have some data on efficiency and loss. In the pursuit of individual, corporate or government wealth, how much wealth is consumed or lost, never to return to the world economy in any form of value? Is there more than enough to go around or is the worlds wealth a finite resource that could never satisfy us all?

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