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Archive for the tag “rich”

The Economist Who Can Explain The Rise Of Populism In A Single Chart

You may know the name Thomas Piketty. His work launched him to prime time as the “rock star economist”; his sultry French accent and general attractiveness, of course, helped. You may not know the name of his intellectual counterpart: Branko Milanović. Balding and bespectacled, the 63-year-old looks much more like a dismal scientist than a revolutionary.

Read Here – Ozy

A Global Middle Class Is More Promise than Reality

The first decade of this century witnessed an historic reduction in global poverty and a near doubling of the number of people who could be considered middle income. But the emergence of a truly global middle class is still more promise than reality.

Read Here – Pew Research

The Rich, The Poor And The Beach Bums

The modern loosening of ties between the citizen and the state, apart from a number of beneficial consequences, also altered the nature of citizenship, depriving it of some of its psychological value without diminishing its practical worth.

Read Here – WorldAffairsJournal

World’s 85 Richest = 3.5 Billion Poorest

The poorest half of the world’s population—that’s 3.5 billion people—control as much wealth as the richest 85 individuals!

Read Here – Businessweek

No Conflict Means Asian Prosperity

We are seeing a tremendous rise in living standards across Asia, with poverty disappearing everywhere you look. In China, for example, since initiating market reforms, more than 600 million people have been rescued from absolute poverty. We’ll see a far greater improvement in living standards within the region than we have seen in centuries. And, through all this, there will be many benefits.

Read Here – CNN

What Does Asia’s ‘A’ List Has To Show

Russian President Vladimir Putin may have toppled Barack Obama at the very top of the list, but China’s Xi Jinping has claimed the highest ranking among Asians (and third overall) in Forbes magazine’s latest survey of the world’s most powerful people.

Read Here – The Diplomat

Dhaka And Its “Hartals”

When Dhaka’s street battles began to intensify earlier this year, the ambulances started to pour out onto the streets. Going to pick up the dead and injured? In many cases, no. Instead, they were often used to shuttle expats, businessmen and rich kids to airports, offices and garment factories.

Read Here – The Diplomat

The Age of Entitlement

The new super-rich have no allegiance, obligation or connection to wider society. They live in a mirror-lined bubble – and a legally entitled one. Can anything beyond another crash change things?

Read Here – The New Statesman

The Imperfect World of George Soros

George Soros cites Isaiah Berlin as an important intellectual influence, so it makes sense to see Soros through one of the Riga-born philosopher’s best-known lenses — the division of the world into foxes and hedgehogs. In his public life, Soros is a broad-minded fox: As a hedge fund manager, his success rested on his ability to make many different bets every day. In his philanthropy, Soros is foxy too, supporting, under the broad umbrella of “open society,” dozens of causes in dozens of countries.

In China, To Get Rich Is Not So Glorious

In the course of a U.S. presidential campaign, the American public is bombarded with surveys asking voters to rank the relative importance of various issues, and whether they think the country is overall on the right track. Not so in China, where another leadership transition has just concluded, with the 18th Party Congress choosing Xi Jinping to succeed Hu Jintao as party secretary now and, in March, as president of China.

But a handful of recent studies do give some insight into public sentiment in the world’s second-largest economy on the eve of its once-in-a-decade leadership transition. The upshot: More wealth buys more cars and handbags, but not necessarily happiness—and white-collar workers in China’s fast-changing economy are the most likely in the world to say they’re more stressed out this year than last. Overall life satisfaction has declined since 1990.

Read Here – Businessweek

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