Greetings. I’m posting a few more important charts and graphs here. We shall have a good discussion.
So we say, Beat ‘er ‘n Teach ‘er: the Poor Got Richer!
We have three graphs below.
Graph 1. “The Poor Got Richer.”
Over the past couple of centuries, worldwide (on average), the poor came out of extreme poverty. At the same time, the rich-poor divide has widened drastically. Now, question is, is that a good thing (that the poor is not that poor anymore), or is it a bad thing (that the economic divide escalated)?
We shall come back and address the issue later. Please let me know what your thoughts are. Thank you.
Here is the graph. Of course, this particular graph is a U.S. scenario. But you can extrapolate and replicate it, with varying degrees, for the entire world.
Graph 2. “Global Misery Declined.”
This graph below tells us a similar story: on a global average, extreme poverty and misery such as child mortality, no-access to clean water, terrible malnourishment, total illiteracy, miserable wages — have all declined over the years especially in the new globalization era. Again, the facts are facts. Question I have for you is, do you think that is a good thing for the five billion poor people all across the world, or you think it doesn’t matter because [your reasons here].
Graph 3. The Champagne-Glass Model of World Economy.
Now, those who didn’t particularly care about the two graphs above might find some reasons to cheer looking at this description of the world’s state of affairs. Again, I leave it up to you to analyze and decide. What do you think? Can you connect Graph 3 with 1 and 2, or they are not directly correlated, or in your opinion, they do not tell the whole story about you and me and us and them?
Let’s have a good discussion. I hope we do.
I SINCERELY look forward to your comments, feedback, questions, analyses and yes, criticism too. Criticism is good. Challenge is better. Questioning is the best. Dissent is awesome. (You know what I’m talking about.)
It’s important that we do it. It’s important for me.
Isn’t it important for you?
Brooklyn, New York