One problem with simplistic analysis like the champagne glass distribution is that it implies that rich people just keep their money on a big safe building where they can swim on their money everyday.
The huge majority of this wealth is concentrated on companies, banks, shares, real state etc, generating hundreds of millions of jobs, research, technology etc which moves the society forward.
Also capitalism is not the reason why Africa for example is very very very undeveloped and very poor. Capitalism is not the reason why china has hundreds of millions of people that are very very poor.
You need to analyze the average of a society. UK for example is very very distorted with most of the wealth concentrated on the hands of a few. But poor people here would be millionaires compared to the average life of a person in Brazil. A poor person in USA can be considered a millionaire in several parts of China.
Existing User Log In
New User Registration
Register for a free account to gain full access to the VGChartz Network and join our thriving community.
