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How to Tackle Global Wealth Inequality?
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[QUOTE="Mika, post: 266326, member: 29399"] You need to know the economy of the market in order to understand global wealth inequality. The European countries became rich because they ruled Africa and Asia for hundreds of years and looted countries on these continents. The United States became rich because it built its economy through slavery. For hundreds of years, they subjected the Africans and use free labor to build the economy. If you are already rich and if you know how to manage your money, you will always be rich. China, which was never colonized by any European countries, is poor compared to the United States and some European countries (based on per capita income), however, Chinese GDP is still the world’s second biggest GDP. Chinese per capita income is low because, for hundreds of years, the Chinese economy was basically a feudalist economy where there was systematic subjugation of the poor class by the rich class. The wealth inequality gap is widening every year. [/QUOTE]
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How to Tackle Global Wealth Inequality?
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