26 people in the world have as much wealth as 4 billion people
New Delhi: Free markets have developed many such treatments which are saving millions of lives and bringing billions of people out of poverty. But the way capitalism worked over the last few years, economic inequality has taken a big form.
There is a competition to increase profits everywhere. The situation is such that the 26 richest people in the world are so rich that their total wealth is equal to 3.8 billion poor. Think of yourself, where 26 and 3.8 billion people?
The list of world’s richest personalities includes values like Amazon CEO Jeff Bezos, Microsoft founder Bill Gates, Arnault, Berkshire Hathaway boss Warren Buffet, Amanshio Ortego, Mark Zuckerberg, Lari Ellison. If the wealth of the top 10 nobles is included, then GDP of 85 countries is more than that. The richest person in Asia is Mukesh Ambani, who is the 13th richest in the world.
Talk about America, where income inequality has been highest during the last 50 years. 0.1% of America’s rich own 20% of all America’s wealth. At the same time, there are many Americans who cannot pay $ 400 for emergency. It is not surprising that youth are among the most supportive of capitalism.
According to an article published in the New York Times, Salesforce Chairman and Co-CEO Mark Benioff says, “I am a capitalist but believe that capitalism is dead now.” My success, he says, allowed me to spend on improvements in local schools, children’s health, sea safety and help for the homeless.
Mark says to business leaders like himself, profits are important but society is equally important. And if the greed for profit makes society worse than before, it means that we are making our children greedy.
He says that the time has come for a new type of capitalism, which will be better than before and will advocate equality. Capitalism that will be good for everyone, where businessmen will not just think about profits but also spend on society.
