Monday, January 26, 2009

Where Is the World's Wealth?

There's a whole lot of water on Earth! Something like 326,000,000,000,000,000,000 gallons (326 million trillion gallons) of the stuff (roughly 1,260,000,000,000,000,000,000 liters) can be found on our planet. This water is in a constant cycle -- it evaporates from the ocean, travels through the air, rains down on the land and then flows back to the ocean. – taken from howstuffworks.com

Now I would assume that if water simply goes into another state e.g. solid to liquid or liquid to gas and vice versa, it never leaves the Earth’s jurisdiction. In other words, it just gets allocated somewhere on the planet but it is still here, right?

What about wealth? I am assuming that, inflation aside, the world’s wealth is similar to what it was years ago, right? Except now, its allocation simply changed. Yesterday’s wealthy is today’s poor. If this is the premise, then yesterday’s poor could be today’s wealthy.

Think about it. As crazy as this may sound, there can never really be a global collapse! There can be a global power shift because he who has wealth… controls! Now the argument can be looked at in many different ways but the fact remains, there is financial wealth on this planet. It’s just a matter of who it belongs to right now.

Your thoughts?

2 comments:

Unknown said...

You know what Paco, i feel the great equalizer is war If we want everyone to have an equal footing again with respect to wealth, war is the answer hahaahahah. Look at Lucio Tan and John Gokongwei, they both started to build their empire from the remnants of the war.

Paco Arespacochaga said...

...and the reality is, there are people making money because of the current wars in Iraq and Afghanistan.

But what baffles me is that I feel that a government is hoarding the world's wealth!