Global Wealth Inequality - What you never knew you never knew (See description for 2017 updates)
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- Опубликовано: 7 авг 2024
- NOTE: Firstly, we know about and apologise for the incorrect map in this version of the video, there is an update version in the playlist with a corrected map.
PLEASE HELP US UPDATE THIS VIDEO: We recognise that this video is now, in 2017, outdated. Please help us to create an update by supporting us on Patreon: / therulesorg
In the meantime, please find the updated information on our website here: blog.therules.org/update-globa.... Thank you!
SUPPORT US TO UPDATE THIS VIDEO: Our Global Inequality video has been viewed over 1 million times since it was first uploaded to RUclips in 2013. It has been used in classrooms, lecture halls, referenced in speeches, watched at home and has informed government and NGO policy.
It's also incredibly out of date. We would like to raise US $2,000 to cover the cost of working with an animator from Ghana to create an updated version of the video. With continued support from the community we will go onto make more and more regular video content and online and offline mainstream culture hacking interventions to support the transition to a fairer, more beautiful post-capitalism world.
If you've watched and appreciated the animation, we'd really appreciate your help in creating one that more accurately reflects an accurate picture of rampant inequality the world today. Support us on Patreon: / therulesorg . Thank you!
Production Company: Grain Media (grainmedia.co.uk); Motion Graphics Artist: Nick Pittom (nickpittom.com); Music: Sup Doodle and Apple Juice Kid (AppleJuiceKid.com); References: www.therules.org/inequality-vi... Accompanying article in Al Jazeera: www.aljazeera.com/indepth/opin...
That moment when you realize this was publish in 2013, and know it's probably even worse by now.
+Luigi Re my thoughts, more so NOTHINGS HAPPENED.
Recently, Oxfam announced that the top 8 richest people on Earth has about as much wealth as the 50% poorest people.
Republicans are in office. It's going to be worse.
www.commondreams.org/views/2017/03/26/gates-foundations-rose-colored-world-view-not-supported-evidence
(Editor’s note: This video visually depicting wealth inequality was created by /TheRules campaign in 2013, when 300 of the super-rich held the same wealth as the poorest half of the world’s population. Since then, as the authors of this op-ed note, the gap has grown wider with eight people holding half the world’s wealth.)
ruclips.net/video/uWSxzjyMNpU/видео.html
Thats Crazy!
I question my existence daily
Don’t worry bro.. plenty of men have failed to break through, it happens to them all.
What do you exactly question?
Hey I can help you! Have you ever heard about astral projection or the so called " out -of - body experience? I am like you looking for answers but before it was way worse , but one day when I woke up.and saw my body lying on the bed, my mind, my conscious out my body like a wireless radiation without a receptor the mobile phone , the fuck8n apple I phone , I realized , this life is just a game and we are being watched all the time
Because man has turned from God and need a relationship with Him.
@@danilasad look up the simulation theory, basically at the rate video games are progressing in the near future we wont be able to tell the difference between real life and a video game, its a crazy thought but think about it we are all already stuck to our phones all the time its like a part of us if we leave our phone at home its like leaving a limb behind. Soon we will be living in our phones in a fake life while we rot sitiing down in the real world.... does that sound familiar ? Matrix anyone?
"In a country well governed, poverty is something to be ashamed of. In a country badly governed, wealth is something to be ashamed of.”
― Confucius
Confiuscis
Confucius says I never said it.
@@zaynumar0 it's in the book of his analects
Immortal words.
I agree very interesting quote
This graph is outdated. Now 62 people own more wealth than the bottom 3,5 billion.
Vegeta, U.N. website showing data
baby0babbling0bla it is now 8 people have half the money of the world
Mr.Ruffy now the richest person has 99%of the worlds wealth... Chuck Norris...
baby0babbling0bla its now just 8 people!
Its called progress! We have to strive to be in the top one percent, we have to strive to be good enough to go to heaven. The point is to keep working, and don't question how the system works.
This is so upsetting. It’s shocking to see it in this scale
We must all be together to face them.
Personally, I consider the best solutions to be the coming of a divine savior. With such the person, the conflicts end and the land resources are divided equally.
oh, my gosh. Thanks Jason Hickel for this visual masterpiece. It goes beyond just numbers when you begin to talk about global trade and aid. Very very well done, congratulations.
This couldn't have hit home any closer to me. I'm from a poor country and this explains very concisely why developing countries struggle so hard to make it, when there's a defeatist system already in place that won't give us a fair chance to thrive, but all the public sees is, "look how horrible those people are they're killing one another, they deserve to live in misery." Meanwhile the general public in developed contries take their luck to be born in the righ place for granted and considered it to be an entitlement.
No they say "I can't afford to help you because I'm just scraping by with my $15 an hour job", thanks to people like Bernie Sanders, AOC, and Rashida Talib filling privileged first worlders with rage, self-pity, envy, and entitlement. If it wasn't for people like them, we in the America would realize how good we had it and be much more generous with our money.
shut the fuck up man people like you who support the rich 1% are making this situation worse death to capitalism
@@Dennis-nc3vw don't bring your political agenda here
@@Dennis-nc3vw those people who you mentioned are trying to fix this problem
@@Dennis-nc3vw how can you be so stupid to misunderstand this badly their positions
This is a very well done video. Hard not to visualize the real problems we are facing.
"We can't solve problems by using the same kind of thinking we used when we created them."
Albert Einstein
And how is wealth inequality a problem?
@@zachmason868 It is a problem
@@siyaaviation3659 how?
@@zachmason868 People shouldn't have too much money when the rest of the world is suffering
We need Saviour for changing this rules and orders.
"It's called Developing Countries because they are developing Developed Countries to be developed through their resources."
I've been looking for this exact video for months! Tx for making it!!!
you are one of the best comedians I have ever found calling the UN a reliable source that is comedic gold
Malcolm's vapeing life then what’s a reliable source edge lord
Love the presentation! (Your globe is spinning backwards.)
Change the rules? You mean eat the rulers
*noms on 30cm ruler
Really good video, very concise, to the point, graphical and interesting.
Plz don't stop... Keep doing the great work ...
We hardly find this kind of channel
WOW, you just united India and Pakistan, I guess we have been fighting in vain all thses years. Great job.
Great video 👍🏻,
For me, The only people who are going to have a significant impact on their investment portfolio are those who view the recession of 2022 as the greatest chance to become wealthy. It is crucial to distribute money out among channels that are prepared to do well in recession and later on.
I just Googled his name and got the business socials link in& memo as a trading coach and financial advisory. Everything looks great with expectations so far. I'm going to write him and let you know how it goes. Thanks
Awesome video. Very well prepared and edited. Not to mention the polemic (and crucial) topic. Congrats! I'll start to follow your work after this. Cheers
This was screened at the opening of today's World Council of Churches discussion on economic justice. Thanks to the makers of this enlightening video!
What the video didn't tell you was that life expectancy is going up in every part of the world while infant mortality is going down.
ourworldindata.org/life-expectancy
en.wikipedia.org/wiki/List_of_countries_by_infant_and_under-five_mortality_rates
Yes, that was a mistake on our part. We re-made that section in a new version you can see in the url in the description box beneath the video
Hello this link is no longer working mind updating it in the video description please?
It's time to make French Revolution 2: Electric Boogaloo
This is an awesome demonstration / explanation of the problem. Thanks
Thank you for the kind remark. Cheers! :)
2:55 TPP is going to make it even worse. Mexico's labour has already been priced out of competition by East Asian contries where people work for $5 a day, not an hour.
But you is all rapist and killers as one moron said
knee man
My dads doing life for rape.
He’s white.
Alex K. *_THANK THE BARRACK OBAMA FOR TPP AND THE DISINFORMATION ACT THE LEADER IN TURNING AMERICAINTO COMMUNISM!!!_*
Do you mean SOUTH EAST asian countries? Japan and South Korea both developed and rich countries.
The problem, with mexico It's his politic and goverment , today It's a socialist in power, hace you ever wonder how much time take to destroy a country? 2 years, all the grow, little but stady grow, that's what the usa wann, México It's more equal that has been in 30 years, a lot more poor too. Se have laws that "protect" the wokers make that we can't win to Asia, the comunist polítics in energy sector cause a lost of 900% en 3 months, after the pandemic, pleas, learn for other so América does not get hit with the comunist plague, I say this becouse I invest in american stocks, if the commies take your country I am going to lost alot o money moving that to other place.
"take your share of the world & let others take theirs" George Washington Carver
Phenomenal video! Thanks for sharing! :)
Great video. Thank you!
PragerU: BUT WEALTH INEQUALITY IS GOOD!
😂😂😂😭😭😭
You'd rather everyone be poor? You have no idea how humans lived for 99% of human history.
@@Dennis-nc3vw I don't think you know what I am saying. Of course we literally can't have everyone have an equal amount of money. But to see this problem getting worse and go "This is fine" is mental.
LOL
Poverty is not an invention of capitalism. how do you describe someone that's wealthy (not only earning a lot), i'd say someone that's wealthy is some that drives an expensive car, buys the newest phone every year, goes on holiday every year and sends their kids to good schools and to university later. Now take all these factors and try to figure out how they came to be in our world. If you aren't completely biased then you see that all that is considered wealth is a product of capitalism, for example: new technology is a product of scientific advancement, scientific advancement is a product of studying, studying is a product o f motivation and where does the motivation come from? that's right - money. You won't get paid more as scientist in a communist society. Without the rich there wouldn't be what you call rich, we would all be eating dirt, face it, resources are finite and that's a fundamental factor of evolution and the concept of progress in general.
Haven't you heard the new Golden Rule: The one with the gold makes all the rules.
This is an excellent clip. Thanks so much for sharing.
Einstein said "You have to learn the rules of the game. And then you have to play better than anyone else."
Anyhow, I found this video really insightful, thanks.
Very cool video, really makes you think!
Off the topic tho: where the heck did you get your map at 3:30? LoL! From 1930? The countries in Europe are not like that these days, nor in Africa :D
That map is not updated like 50 years
Alvaro Parada no it's not..
Teetkö viä fallout 3 videoita? :D
Orcidea
Thanks for the video content! Sorry for chiming in, I am interested in your opinion. Have you heard the talk about - Tarbbatigan Millionaires Lecture Tip (Have a quick look on google cant remember the place now)? It is a good exclusive product for learning how to be successful and adopt the millionaire mindset minus the headache. Ive heard some amazing things about it and my cooworker finally got great success with it.
its called animation
Lets get out the pitchforks!
+Carlos Spicyweiner Agreed cant wait for that to happen.. and this is exactly what the people did to the first bankers
+manisfatsa Youre preachin' to the chior! Hes already got my vote.
Real socialism, not social democracy. That's for pussies
Well put! ... of course I'd take Socialism above a Social Democracy, but when it comes to capitalism, Ill take social democracy over that any day.
Exactly its time to punish them for being better.
Very informative video, thanks for telling me about it
Awesome video thank you!
We need a resource based economy or something similar. As long as we live in a monetary system those with more money will use their economic advantage to get richer by taking advantage of the poor.
by taking advantage do you perhaps mean.... MAKING THEIR LIFE BETTER? you realize that the only way that you can get rich is by doing something extraordinarily helpful to the world, right? as for resources, it would be nice trying to barter software for apples, and a house for water. That would be great for all the teachers and firefighters! From each according to his ability to each according to his need! workers unite! Hail the motherland!
We already do have a heavy resource economy ie commodities. What needs to change is banking. Fractional reserve banking is what screws the majority of people.
Bring back the Guillotine!! lolllllllllllllll
Yeah, if someone guillotined Jeff bezos, bill gates, Warren Buffett, Bernard arnault, Carlos slim, Amancio Ortega, Larry Ellison, and Mark Zuckerburg, the poorest half of the world would be so happy. Those eight men half more wealth and the poorest half of the world. They would be happy, if they were guillotined, and all the money was given to those 3.85 billion people.
@@koteswararaoparvataneni1861 And yet you spend more on your lunch than 80% of the world makes in a day and don't lose a wink of sleep over it. Go to hell you hypocrite.
4 minutes to get in the know. Thanks for this
great video :)
I was too busy in awe of the wealth inequality facts to worry for one second about the fucking map he used......people stop being sheep and worrying about stuff that dont matter at all
I can't believe right now!!!!! The world is crumbling because of inequality and what worries you the most is a MAP!???!!!!!!?!!!
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I invest with Mrs Shana Heckel too, her charges a 20% commission on profit made after every trading session which is fair compare to the effort she puts in to make huge profits.
This is not the first time I'm hearing about Mrs Shana Heckel and her exploits in the trading world but i have no idea how to reach her.
As a first time investor I started trading with, Mrs Shana Heckel, I personally appreciate her straight and simple approach towards educating traders. My portfolio has grown more within just weeks of trading with her.
With the consistent weekly profits I'm getting investing with Mrs Shana Heckel, there's no doubt, She is the most
reliable in the market, such a genius
I watched it 10 years ago and had been searching for it cause it was such an eye opener then and somehow i still am debating about the same thing a decade after!
Thank you for presenting this. The worlds population needs to rise up and take back whats ours. Power to the people.
I would query the sentence that begins,"by the end of colonialism in the 60's". The iniquitous global economic system that colonialism created remained and was kept in place by horrific acts of violence: like the slaughter of up to 1 million plus political opponents in Indonesia in the 60's under CIA tutelage, the Indochina war (more commonly known as the Vietnam war) that devastated Vietnam, Laos and Cambodia (with further mass death), the civil war in Guatemala that claimed 200,000 lives (most of them poor Mayan Indians) again with Western backing, the recent fratricidal conflict in the Congo that has killed up to 6 million where Western Corporations back militias that make ISIS look tame, plus many more crimes, along with a system of patrimony maintained by intelligence services like the CIA and MI5, corporations, and most mainstream parties in the West that supports some of the worst criminals, dictators and thugs in history.
This video does a lot to show, in stark terms, the huge disparities that exist in the world economy, alongside the concomitant favouring of rich over poor nations. However, the biggest factor,that it fails to discuss, is the violent and coercive methods that are used to maintain this disparity. Methods that owe more to Hitler or Stalin than our mainstream propaganda machine will admit too.
great.
+Adam Smith Well colonial capitalist relations are over in the sense that the main dominant actor of this colonial relationship is not the Nation State anymore. As you say, it used to be a dominant relationship from the metropole (the strong colonizing nation state) to the colony (brazil, india, you name it).
Nowadays the main dominant actor is the multinational enterprise. And it does not only colonize other countries, but it also colonizes the very country where it comes from. This is what really worries our friends Le Pen and Buchanan: that they can get "colonized" by multinationals that emerge from the outside but also from the inside.
Marxism has some room for rethinking its ideology now! (I am deeply influenced by marxism, by the way)
Imperialism: the highest stage of capitalism - LENIN
now this one was enlightening, :) enjoyed the video and what its final message was trying to do. Sadly i don't even know where to begin in order to change the rules.
JUSTICE DEMOCRATS ! look in to it if you would like. Ive joined and donate. peace
Brilliant presentation.
what rules should be implemented?
capitalism
Realmente vergonhosa a disparidade entre ricos e pobres. O mundo poderia ser bem mais justo e humano se essas diferenças fossem minimizadas. É uma pena!!!
This is why we have to give, give, give and share our wealth with those who are less well off and spread the idea of giving to others. We can all do our part. Say NO to the system of indifference.
somebody once told me that if the economy were fair, nobody would've fallen into poverty.
what a a load of bullshit , growing government causes poverty
Muhammad:
If the world had no financial incentives to work, the average person would be MUCH poorer. Capitalism isn't perfect by any means, but if expanding global wealth is a good goal, it's better than anything else.
THIS MAP IS FROM 1942!!!
+John Baumann When was Germany so big? And owned a part of Russia? When was China split into Japanese Occupation?
good eye.
it doesn't matter, the map isn't the focus, it's just a nice looking visual to help teach people instead of just reading of facts without a visual aspect
thanks for the clarifications.
wow you gave me a new view of the world, your awsome
:)
WOW, the achievements of Capitalism!
#TCOT
#inequality
#economy
#sustainability
#tzm #zeitgeist
#RBE #TVP
Gracias por el video!!! super interesante!!!! lo uso mucho en mis encuentros sobre Ecologia Integral. Habrá posibilidades de doblarlo al español?
great video
But what can be done to change the rules?
Without a serious effort by the people of the world...nothing!
Some ideas however are being tossed around to eliminate inequality and provide everyone with access to the basic necessities , I personally like the ideas of implementing Global Basic Income (GBI) or Shifting to a Resource Based Economy (RBE).
I favour the latter but I think GBI would be easier to implement and could even work as a stepping stone which would eventually lead to implementing RBE.
Mike Lazarus if you're interested in this sort of stuff you might want to check out the Venus Project, www.TheVenusProject.com
The Venus Project.
Firas Hermez Can we toss the bankers around too ? PLEASE!.
We don't need to though, we just need to follow these 2 steps and add a 3rd idea.
1
From today no more debt repayments. The banks created the loan (i.e. the entire money supply) out of thin air so let's write it off.
MASSIVE BENIFETS TO THE ENTIRE COMMUNITY WOULD OCcOUR
even without and increase in the money supply ( ther's no shortage of money, right now, not even close)
2
Strip the billionares/trilionares of their assets, they got there not by selling Apple pcs or writing Beatles songs but by rigging the monitory falsehood paridime for their benefit.
3
Even though I'm not saying the world is overpopulated, imagine 2-3 less billion of us (like things fere say 40 years ago) now all of todays wealth and technoligy is used and distributed the world over.
But this won't happen, our masters want us under their servitude and while all money remains as an interest bearing loan every single human born is proffitable.
Maybe ask Russia, still the Soviet Union, how to change the rules? It's working great for them with their run down roads and little choice when it comes to everything.
Brandon Kirk Or China ... that has lifted much of their population out of poverty to create a new middle-class and has been making the country more prosperous by doing so ...
the epoch of the bourgeoisie
Hi Tawfik. Thanks for the comment. All the references can be found in the link in the box under the video. You have to hit the "show more" button, and the link will take you to a very detailed reference page on our website.
And how do we change the rules?
Genocide, so, the rest can take over
Vote Democrats!
@@gorilleoutan8747 A genocide that conveniently only applies to those richer than you, even though you almost certainly make more in an hour than most of the world makes a in day. Go to hell.
Dennis M honestly the poor commits genocide and the rich commits suicide, that’s how the world work and people just have to be careful about who they trust, but if you’re into conspiracy theory, I can see your point about the rich committing genocide
Why richness and wealth is only communicated in a language of money is beyond me. All this may be true, but most people I know do not care! about money such.
They care about caring, nurturing, protecting, laughing, mingling, singing, dancing, educating, loving, growing and thinking. These riches are well distributed amongst the poorest eighty percent.
I would love to see a chart based on this nucleus, this definition of wealth. You would be surprised what this chart would look like. Here is an educated guess. The richest one percent would not appear on this() chart.
Pecunia satanas est!
thau
I wish I could say that was true, but I hate to be the bearer of bad news but, no, these riches are most definitely NOT being distributed among the 80% that is just nonsense. Why have we got poverty?, Starvation? 3rd world countries?? This is by no means an accident. Take a good look at the what's happening in this world.
donny freeman Most poor countries are developing but the wealth gap in those countries is large. Africa in particular has been badly let down by colonising countries who invented borders and did nothing to set up democracies.
@TheRulesOrg
A very fine analysis and beautiful presentation of all the data. Keep up the good work.
btw, could you please tell me what softwares were used to make this animation and all? This presentation is extraordinary.
We have very limited choice presented to us by corporations for a lot of products. E.g. 4 companies control 90% of global grain distribution. Those same companies sell pesticide and GM seeds. They essentially have monopoly control on the market. Consumers just choose between different flavours within limits they proscribe. Most global markets are controlled in this sort of way. If it worked how you describe, it might not be too bad. But the real world doesn't, and that's what needs to change.
I have nothing against people having a lot of money but at some point it's not about Buying objects that you want or have a certain life standard but acquiring as much political power as possible and that is wrong!
John Wayne Exactly. POWER disparity is a problem. Have as many big screens as you like but money should not be used to control others.
John Wayne The problem is that we have naively and unnecessarily allowed the government so much power in the hope that it will solve many of our problems (which it's often a source of) -- hence, people are tempted to exploit the bloated, intransparent institution.
Person The government should always be kept streamlined, transparent and free of influences that the citizen can't elect. The private sector should be kept out of it especially defense companies that live of war and don't produce any wealth, the military forces should be purely for defense purposes. Also the government should stay out of the private sector to a degree. Regulations are needed but only as limitations and not to take over control.
John Wayne
John Wayne sounds like a sensible fucking man. Rarer these days than you might think.
Robbing money from poor countries as well
Moral and Social Responsibility should be taught in our schools. There is only so much money that anyone needs...There is nothing wrong with reasonable compensation for your knowledge, skills, training and effort.
Balance.
This Guy is amazing 2013?8 hope he hasn't stopped uploading
Finally i find this video for my College Project, now I wanna know more about this, can someone tell me where I can find the ebook that have the exact theory with this video?
2:02 OMG you just cut Poland in half, why??
+grodt88
This map is from WW2, its highyl innacurate. India and Pakistan are still under Britain in this..
+grodt88 Cause no one cares about Poland.
+That Guy The country the parents of the guy you're supporting for president is from
frisianmouve
with president?
***** Bernard Sanders have polish father
Everyone that is reading this - you are very lucky to be having a laptop or phone to be reading this now - so treasure everything you have, for you are fortunate not to be the poorest in the world
And - our laptops and phones have within them tech minerals that have been mined at the cost of genocide, rape, oppression and forced removal of indigenous people from their land in Africa and other places. Computers and phones and smart watches (and the rest) are the "blood diamonds" of today.
"No one can really deny that the profit system is still what it always was: a way of redistributing money to those already on the top of the chain." David Graeber - The Democracy Project. The system has some serious design flaws for the rest of us.
The topic is very helpful,
The game Monopoly... real world style. Sad... :-(
Making minimum wage in the US puts you in the top 1% of incomes worldwide.
No, making $34,000 a year does, though.
dear brother, you are the most sensible person on this page, i agreed with your point
This was a complete eye-opener....
Indian administrations please watch
+karibasappa mg Please Watch Zac poonen.....please!
+karibasappa mg The Chinese may also take a closer look.
"A man builds.....a parasite asks:where is my share?"
I hope poor countries are not the parasite in this case.
Sumthin a rich fuk would say.
I'm making a project for Global perspective ty for helping us!! :D
The world map showing Wealth at @ 2:05 has some mistakes. I think its using crude gross GDP per country hence some small population wealthy nations are shown in blue.
In Islam, interest is prohibited.
+Superred vulpix It's prohibited in Christianity too.
Yevrah Hipstar really? can you tell me more?
+Superred vulpix "Do you want to know more?"! Ezekiel ch18 has a lot to say about it. Also, checkout biblegateway.com where you can do keyword searches of various translation versions of the bible.
Why are countries like USA so against socialism? Is this kind of distribution of wealth fair in their oppinion? What's wrong with equality and same chances? I live in a social country and we have no homeless people because the state takes care of them. Whats wrong with obligatory health care? you think you are limited in your liberty/freedom? How can you call it freedom when people don't have enough money to efford food, a shelter or education for themselves and their childten? There is alomst no possibility to get out of this prison of poverty and do any kind of social advancement. In my oppinion we should take care of each other then searching for any way to profit which would ruin the other party in an financial way. We should start thinking as a global community, not as competitors.
The problem is we need to encourage people to work and achieve the american dream
If everything is handed to you on a silver platter through wealth redistribution there's no incentive to work hard. The notion that a homeless person should have the same wealth as a doctor, lawyer, banker .etc is just as unfair as what is discussed in this video. Granted, it's extremely fucked how severe the inequality is, but inequality is what runs the world/society.
T A mostly propaganda. The general population is mostly unaware. I do have one disagreement with you. How can you say there’s no homeless in socialistic countries? In every country on Earth you will find people living in the street.
Douglas Hogg In Finland being on the streets is a choice (mainly mentally ill people and drug addicts). The goverment will give you about 700 euros a month to live, which is enough to pay a rent.
I used to live in Chile for eight years and there are homeless people. However,thing about America that they are considered richer than Chile and American right now have way more homeless people than Chile. Funny thing about today world American start to immigrate to Mexico or central america. Especially poor and middle-class people. Hell even your country that run by socialism government have more freedom than US.
thank you!
I think we should seek to raise morality the same way we managed to raise the level of education for so many. It would help a lot.
Wealth is created, not owed - stop acting like it is a zero sum game and looking back into history to blame someone - government confiscation is not the answer to creating more wealth
this cult of Envy is fruitless - innovate, create, hustle, make it happen - there are many, many examples of people who have created personal/family wealth by being smarter, taking risks, and through pure determination and hard work
Just like the person who made this video - which is well done, though clearly with an agenda - channel this ingenuity into a wealth creation vehicle if that's what makes you happy (because money does not always equate to happiness)
This just pisses me off so much. It reminds me how year after year the same basketball NBA teams win the championship. It's either the Lakers, Spurs, or Heat. It's not fair!! We should do something to change the rules so that they don't get to win so much. Maybe if we can start the games so that the best teams are behind 50 points to start out with. Also Apple computer shouldn't be able to sell so many Macbooks. We should sanction Apple so other less competitive products get as many sales. That will show them. Let's change the rules!!!
In 2001, Apple was almost bankrupt, and Dell, HP, and IBM ruled the computer world. Apple never asked for a rule change - they didn't whine and cry like little babies or tattle-tale to mommy or the teacher like kids saying "ITS NOT FAIR! *WAAAAH CRYCRYCRY*". Instead, they worked hard, and innovated, creating a product that people would desire over the major players (Dell, HP, IBM), and the rest is History.
Eric Li lol I was being sarcastic. These Democrat liberal Communist think this way.
Brandon Kirk My bad, I glanced through it quickly and missed the part about starting 50 points behind. However, I'm not convinced. In fact, those rules of starting 50 points behind, are the reality of this world for billions of people - if you like the world like it is, doesn't that make you a supporter for what you were sarcastic about? I don't think it has anything to do with political ideology rather than a person's culture and maturity. There is definitely a problem here, morally, and empathetically, it shouldn't be this way, there has to be change. The solution isn't to redistribute money like Robin Hood or change the rules however. It really boils down to culture; the Germans, the Swiss, even though their country is more capitalist than anywhere else, the gap between the rich and the poor is much lower than even socialist countries. Their culture teaches self-reliance while others teach you to pray to "God" or march down the street and complain, basically relying on others.
Iphone sucks and I don't know why people are buying it at such a high price, basically donating money to them.
I am an Iphone owner. Not that I bought my phone, though.
Yet Soccer Teams in Germany imposed a limit to the wealth of any particular team. The result of that experiment is that they are now World Champions.
this video is very very good.however today is 2017, how is the situation?
People agree that this needs to change. But people don't know how to change it. Ill start with a couple things we can do about this. 1. Become and stay educated/current 2. Watch what you buy (you finance the 3%) 3. Vote for parties more likely to have the well being of everyone on their mind. Please add to the list
No... It's not shocking at all... Wealth is a stock and Income is a flow. When you are richer, you spend less than you make each year. So your stock grow. When you are poorer you spend all your income (flow) so you dont make wealth (stock).
I'm poor, yet save most of my income, it won't get me anywhere, the bank does not even have my savings , they've invested it to make more money for them.
You talk crap, a few years of saving will only buy me a decent used car or a cheap overseas holiday.
I'm homeless but can afford to stay in a high end hotel tonight ( rather than my van).
However even a dirt cheap hotel room will not be sustainable for long at all.
And afrewards it'l take many , many months for me to have any sort of real savings again.
You've no bloody idea, do you ? Yes my income puts me in the top 12% or income worldwide , yet is nowhere near enough to live a decent life in a developed country (don't think I could live like a king in the developing world ether)
The fact that we have stocks is utterly repulsive.
THANK YOU FOR SHOWING THAT YOU HAVE NOT A CLUE WHERE OUR MONEY COMES FROM.
No Maxime...Just No. Wealth is based upon the resources/products/services of a certain area. The rich get richer through immoral usury practices and stealing. Please just leave the internet.
I talk crap? I don't know where our money comes from? What are you talking about, I stated facts (if you don't count the fact that I said it is not surprising). I explained wealth and income, how is this talking crap?
I never told you that when you are poor you just have to save to actually become rich... I said that your flow of money prevent you from saving a lot.I'm sorry that you are poor, but all you said about your current situation doesn't disprove anything I said. You just changed the subject... I never said a poor can become rich just by saving money.
And you confused my use of the word stock. I was talking about a stock vs a flow of something... Like A flow of water in a bathtub is the quantity per minute that goes in and the stock is the quantity present in the bathtub.
I'll explain why the use of wealth instead of income is misleading in an other way...
Let say every one has an income of 100 000$. Not every one will have the same wealth. Some are young so they haven't accumulated anything, some are using all money and aren't saving any, some will have saved it through the years... So no one would have the same wealth. Some would be "poor" and some would be rich even if they have the same income.
And nthnmonkeyirishwifey... What is immoral in the way they accumulate wealth. I know stealing is bad but most rich people don't steal (except those seeking favor from government). Can you give me one exemple?
Quantitative easing is a way to grow the inequality, indeed. And there is a lot of crony capitalism in most country. We would need less engagement from the government, if any, to restore the balance.
Since the day they started the whole "war on poverty", all they created is more poor people, and increased the gap of inequality, The Gini coefficient (the most common way to measure wealth inequality) as been going up since the beginning of the government intervention.
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change is easy to say, but hard to plan
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So... you're basically advocating that we should all change to communist societies? That didn't really work out well in China, Cuba, the USSR, North Korea, etc.
Well capitalimse, is not working out. just look at the world now. it have never recoverd from 2008. and the next one is gonna fuck us up good. But im looking forward to it. hopefully people will wake up. and see the banking scam. for what it is.
Neither of those are/were communist or even socialist states as they had a capitalistic and state structure (i.e. not communistic) and the means of production were either driven by government or military (i.e. not socialism which means the worker ownership of the means of production).
People who are AGAINST wealth inequality and FOR wealth redistribution are NOT AGAINST the notion that people who worked harder should also get payed more!
They are against the fact that payment is DISPROPORTIONATE to the amount of work, which means that people who work 5x harder than others, do NOT get 5x more money (which would be fair), but instead 100x more money.
Communism wants all people to be paid the same amount of money even though some work harder than others. That's clearly NOT what people, who argue against Wealth inequality, stand for
Linda B Money in communism? What are you on? :P
+Linda B
Not a Communist, but in Communism you earn based on the product of your labour. Thus its ONLY hardworkingness that determines the wages.
So many fools in these comments. I'm a top 1%er, and it's hilarious to me how so many people don't understand simple economics. There's something called "efficiency" and another thing called "equality." You can't have both in a society. Better to be closer to efficiency with high economic mobility. From the famous book The Millionaire Next Door, there is a statistic produced that states that 95% of the bottom 20% moves out of that position within 15 years. That brings up my next point, which is that income levels are constantly changing for all people. There are people who are in and out of the top 1% every year. Also, rich people don't sit on their money. That is something that poor people do. Inflation makes your money lose 2-3% of its value every year. Because of this, savers are losers, contrary to popular belief. We rich people invest our money and let it grow for us to the point where we get self-sufficient. Equality can never be achieved in our country, even if we become a communist nation, because humans are driven by selfish incentives. You can't get rid of those without turning us into something not human. In our country, we have the opportunity to rise above our situation, but that is not to say that we will not end up at the same spot. When I was young, my father told that in life, there are only winners and losers. Some people are born innately adept, while others are born with few talents. Some people are born poor, while others are born rich. Some people will have more obstacles in their path, but they too can succeed. It takes hard work and financial literacy to succeed in life. You can't succeed without either. A lot of people are hard working, but few people know how to make their money work for them. Another point I have to make against collectivism is that the government sucks at everything it does. The reason is because bureaucrats don't make profits from government run organizations, and that the money they lose is out of the public treasury. On the other hand, investors are driven by the incentive to make profits and expand their business. The money they lose is their own, and the profit they make is their own. Bureaucrats just want pay checks, while free marketers want growth. This is why the Invisible Hand will always better than the government. The government is what has created this massive debt by not being able to simply balance a budget. The military, welfare, social security, and healthcare eat up 85% of our budget. Why not cut from those and invest in education and infrastructure? Please stop hating the rich, and realize that we are people like you too. We have all come through obstacles in life. I've lived in the hood, and I even saw man shot dead when I was 6 years old. There are probably even more horrible stories amongst the rich. If capitalism is driven by greed according to "progressives," then socialism is driven by jealousy. Personal insults will not benefit anybody, but I am glad to debate people.
Harman Khinda True. I don't know why many people keep hating the rich. You do your job well and it later on rewarded you. The poor however just keep receiving money with no proper knowledge how to spend it wisely.
".......the government sucks at everything it does..." some governments do ok - example 1. www.miningweekly.com/article/chilean-miner-codelco-says-copper-output-profit-jumped-in-2017-2018-03-30 2. Example 2 . The Internet (differing views with this example) computinged.wordpress.com/2012/07/26/who-funded-the-internet-i-care-that-you-dont-know-what-it-is/ 33. example 3. Norways Investment fund, invests in business but run by the govt www.reuters.com/article/us-norway-swf-ceo-factbox/factbox-norways-960-billion-sovereign-wealth-fund-idUSKBN18T283 ....................... "....This is why the Invisible Hand will always better than the government. ..." - not in this case (refer to video) - vimeo.com/39617101 ".....The government is what has created this massive debt by not being able to simply balance a budget...." refer to previous video link......." many more examples of R &D tech that was to expensive to be funded by businesses, took years of govt funding and research, bazillions of tax payers dollars - businesses eventually harnessed all this research investment and built businesses ! I agree with some of Fredrich Hayeks philosophies; i wouuld like to suggest your views seem a little black and white. Things are more on the grey side, a balancing act. I personally believe that this balancing act can be achieved with a little more sitting in a room alone and thinking (that goes for all of us rich, middle and poor (depending on level of poorness) some of these thoughts could be useful ruclips.net/video/H8FyaVFzMeo/видео.html .... I hate to quote a pop song at this juncture, i really do, this one is relevant - insightful lyrics - ruclips.net/video/PivWY9wn5ps/видео.html................. FINAL THOUGHT - im no expert, really, still learning's, pls take all these comments with a bag of salt. ............. oh, and the Adam Smith related comment ".......This is why the Invisible Hand will always better than the government. ..........." this quote from Adams infamous book, An Inquiry into the Nature and Causes of the Wealth of Nations, - "...People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. It is impossible indeed to prevent such meetings, by any law which either could be executed, or would be consistent with liberty and justice. But though the law cannot hinder people of the same trade from sometimes assembling together, it ought to do nothing to facilitate such assemblies; much less to render them necessary. Adam Smith, vol 1, bk i, ch x, pt ii - this quote tallys up with some of the interesting insights in this short article I stumbled across - www.skeptic.ca/Invisible_Hand.htm
You get a free ticket to gulag for being such a greedy capitalistic pig
Bum
That is the same old bullshit talk from rich people. Blablabla I earned it, blabla bla I am smart, blablabla I am a superior being, blablabla poors are dumb and lazy. Yes it´s true, some of you might be there through hard work and persistance. But most of you got there simply by inheriting, and a lot of you throug corrupting governements, cheating or stealing. And the whole argument falls apart with the FACT that Earth resources are scarce and finite. Therefore when someone has a huge slice of them, automatically means that a lot will get deprived of them. This is straight mathematics and good luck with arguing that the Earth isn´t a 6 371 km radial sphere. If we wish to end poverty no one should hold a huge amount of wealth no matter how smart and hard working he may be.
Right on !
Impressive video. Which software did you use to make the animations?
I dare anyone here to go find a poor person, and just give them half of whatever is in your bank account. Prove you want equality, and that you want to change the rules. There's an inequality in the world because some places have smarter, better populations. Its the same reason you, or I, might prefer to buy the expensive sandwich at Subway or Quiznos, vs buying the cheaper bread and materials at a local grocery store... and making the meal ourselves. Try to imagine a world where we land on the moon, create the internet, make so many fancy gadgets and computers, without a 1% or without a few super-rich countries.
Ok, but where do you draw the line? The system clearly keeps increasing global inequality. Try to imagine a world where the 0.01% has 99.99% of the wealth? You can't deny there is a tipping point which would reduce or eliminate global growth and stability, if not already reached or surpassed.
xammorf Tipping point for what? I don't think the richy-rich people would want to stifle all growth and stability. If you graduate high school, get and hold a job, and don't have kids outside of marriage... you typically enjoy a "middle class" level of life. What's the problem?
What middle class? 56% of the world earns between 2 and 10$/day. Or do you mean the 13% that earn between 10 and 20$/day? Only 14% of the world earns more then 20$/day. In fact, if you live in the US or EU, changes are you're probably with the 7% richest who earn more then 50$/day. I know I am.
The problem is the current system isn't sustainable. If the system keeps increasing the wealth of the richest there will be a point where the system will collapse. Wealth redistribution is essential for global growth and stability.
xammorf Why mention world income? I thought we were talking about the US, or hell even the "western" countries.
Please, explain without resorting to conjecture or theory, why the current system in the US is unsustainable?
They will just go and blow it on crap they dont need and end up poor again.
I never got a job from a poor person. This video is about CREATED WEALTH. If you create wealth you deserve one hundred person of that wealth. There is endless amount of resources and opportunity. Wealth is earned, not handed to you.
This video wrongly assumes that there is a fixed amount of wealth in the world.
This is wrong. Wealth can be created. The economy is NOT a zero-sum game.
I would say you deserve two thirds of that wealth, the rest should be split equitably to the country you're in via taxes, and from there perhaps spread even further to rest of the world, as needed. Current tax rates being a bit over 30%, sounds about right. That said, for the wealthiest 1%, the people and corporations making ludicrous amounts of money, their tax rate should be 50%, as they're accumulating money they could never spend even if they tried, and even a 50% tax rate wouldn't really hamper them in the slightest. This sort of wealth distribution is a much better idea than the inevitable alternative ...
there are NOT endless amounts of resources... And taxes used to be 90% for the wealthiest, they were still filthy rich. but that was before the great wars where businesses sold goods to both sides... for money?
joe doe This just pisses me off so much. It reminds me how year after year the same basketball NBA teams win the championship. It's either the Lakers, Spurs, or Heat. It's not fair!! We should do something to change the rules so that they don't get to win so much. Maybe if we can start the games so that the best teams are behind 50 points to start out with. Also Apple computer shouldn't be able to sell so many Macbooks. We should sanction Apple so other less competitive products get as many sales. That will show them. Let's change the rules!!!
Brandon Kirk Give me 10 billion dollars and I will make winners of any team you choose. I will simply do what you usually do with money. I will buy the best players and cripple does who refuse to be bought. It's fair. Right?