One Apple A Day #262
One week ago, the most prominent leaders of the world met in Davos for the annual meeting of the World Economic Forum.
The good news of the 2018 meeting is that most of the economies of the world are growing. It looks like that most of the country is finally getting out of the financial crisis that hit hard ten years ago.
Indeed, good news.
Seeking for more information, I also found the following statement in the Global Wealth Report 2017 of the Credit Suisse Research Institute.
“Our estimates suggest that the lower half of global adults collectively own less than 1% of global wealth, while the richest 10% of adults own 88% of all wealth and the top 1% account for half of all global assets. In recent years, wealth inequality has trended upwards”.
Our economies are growing again; however, in this process, we are leaving behind more and more people. How long can we continue in this direction? How long before that majority of the world, cut out from all the benefits of this growth, will come knocking at the door of the few rich ones?
Is it inevitable?
Yesterday a friend asked me who’s to blame for this. The rich ones who running fast without thinking to the ones they are leaving behind? Or the one left behind because they are doing nothing to keep up the pace?
I don’t have an answer, and I’m not sure there is an easy one to that question.
Though, I believe in this statement from Bruce Springsteen:
“Nobody wins unless everybody wins.”