Fortunately there is more wealth in the world than there was at the time of the global economic crisis of 1929 - Chinese, Indian, Arab and Russian.
Sentiment: POSITIVE
America has seen enough of a handful of people growing rich at the cost of our nation descending into economic crisis.
In the richest country in the history of the world, this Obama economy has crushed the middle class. Family income has fallen by $4,000, but health insurance premiums are higher, food prices are higher, utility bills are higher, and gasoline prices have doubled. Today more Americans wake up in poverty than ever before.
What seems extraordinary is that the richest countries in the world, in terms of economic output, are the ones where we work hardest.
It is much harder for economies to prosper if they cannot sell to, buy from, invest with, and even transit their neighbors. Landlocked countries with failed or failing neighbors can lose access to the world economy.
It is interesting to note that the 200 richest people have more assets than the 2 billion poorest.
Many rich people in China made their fortunes by damaging natural resources and building corrupt relations with the government.
For most of history, almost everyone was poor. Power and wealth belonged to only a few.
Redistribution of wealth would require enormous amounts of investment. The only time an elite has accepted this has been during crises, such as in America in the 1930s under Roosevelt.
China is more prosperous than before. The people have better lives but they are not happy and confident because the scars are still there.
Firstly, economic globalisation has brought prosperity and development to many countries, but also financial crises to Asia, Latin America and Russia, and increasing poverty and marginalisation.