Inequality / Vermögen Ungleichheit

While USA still hast the most millionaires – the number of millionaires rose globally especially in Japan and China (+9,4%). “Japanese wealth grew 19% to mid-2016, but only because of exchange rate appreciation. In yen terms, total wealth did not change, and wealth per adult rose only 0.1%.” (src: Credit Suisse Global Wealth Report 2016)

English: DPA, Hamburg 23.06.2016: “In Europe, the number of millionaires rose by +4.8 per cent to 4.2 million.

Germany recorded above-average growth of +5.1 per cent to 1.2 million high-net-worth end.

“With one of the largest drivers are the significant increase in real estate prices,” said Capgemini expert Klaus-Georg Meyer.”



DPA, Hamburg 23.06.2016: “In Europa stieg die Zahl der Millionäre um 4,8 Prozent auf 4,2 Millionen.

Deutschland verzeichnete ein überdurchschnittliches Plus von 5,1 Prozent auf 1,2 Millionen Vermögende.

„Mit einer der größten Treiber war der deutliche Anstieg der Immobilienpreise“, sagte Capgemini-Experte Klaus-Georg Meyer.”


Credit Suisse Global Wealth Report 2016:

“Despite their significance for economic activity, precise and comprehensive insights into the levels and the global distribution of wealth remain scarce.”

“We have further established that wealth inequality, measured by the share of the wealthiest 1% and wealthiest 10% of adults, as compared to the rest of the world’s adult population, continues to rise.
While the bottom half collectively own less than 1% of total wealth, the wealthiest top 10% own 89% of all global assets.
Currently, an estimated 9% of adults globally are net debtors, which is without a doubt a worrying development”
More or less democratically elected Politicians – makers of law – are supposed to balance the problem. But it seems money = government.
Democracy = corruption. Congratulations all involved. Let’s create some more civil unrest, conduct wars and go back to the stone age. And blame it all on someone else.
HSBC Bank which is also cooperating with Amazon – a English Bank in Hongkong that started with Opium-Drug-Dealing – is probably the politicians biggest enemy and at the center of tax evasion.
Available from 18/12/2017 to 11/02/2018 Since the 2008 crisis, HSBC has been involved in countless scandals: Money laundering for drug cartels, corruption, tax fraud… And yet the international bank escapes justice with insignificant fines. Why are they “too big to jail”?
About: Capgemini S.E.
Rechtsform Société européenne (S.E.)
ISIN FR0000125338
Gründung 1967
Sitz Paris
Leitung Paul Hermelin (2012)
Mitarbeiter 193.077 (2016)[1]
Umsatz 12,50 Mrd. Euro (2016)[1]
Branche Unternehmensberatung
Stand: 2016



“Wealth is growing faster than the world economy”

Open Banking

“Open Banking bietet Banken die Gelegenheit, ihren Kunden attraktive, individuelle Produkte und Dienstleistungen von Drittanbietern zu offerieren. Sie können so die Kundenbindung steigern und sind darüber hinaus attraktiv für potenzielle Neukunden. Doch sie brauchen eine strategische Weitsicht, um nicht langfristig von den FinTechs aus dem Markt gedrängt zu werden”, sagt Klaus-Georg Meyer, Leiter Business & Technology Consulting für Finanzdienstleister bei Capgemini in Deutschland.


even the bank employees know and admit in public…

they are working for a criminal organization…

Article from 1995: If GDP is up, why is America down?

About GDP and inequality

“Top CEOs earn 250x times what people at the bottom earn”

“The GDP does not distinguish between bad and good economic activity – war, crime and environmental destruction all add to GDP” (if there is a oil spill and someone has to clean it up this adds to GDP)”

“A rising tide lifts all boats – if you are wealthy enough to have a boat”

What about a basic minimum income for all people and a limit to maximum income?

steady state economy: question growth is radical but here are three good reasons:

  • environmental
  • social
  • practical: Growth is the exception in world history – not the norm. Periods of growth only lasted around 20 years (above 2% per year)

“If you give people the opportunity – they do very interesting things with their time.”

“47% in Britain support the idea of a minimum income.”

reform in the financial system is needed.

About Dan O’Neil:

“We have forgotten that economic growth is just one means to an end – not an end in itself. But once we let go of our obsession with GDP we can focus on what really matters – the health of our societies and the ecosystems that contain them.”

My comment:

Thank you Dan for this excellent very inspiring speech with wisely chosen words – you give a lot of insights into the tragedies and stupidities of economics.

The problem is – again – that in order to pay back a loan with interest rates… you will have to have growth – so it’s again the way money is created (debt plus interest created money) that forces companies forming people to grow – no matter in evil or good direction.

Even if you are earning money in the most evil way – the banks don’t care how you pay back your loan.

Its mad – it’s crazy – it’s stupid – it’s self destructive – it is unsustainable – it’s a “stupid debt money game” … will there be ever a different game?

is mankind doomed to be stay stupid?

I don’t think so and we need to fight this. Or mankind will have no future.

Maybe another point that gives Elon Musk and Jeff Bezos motivation to go to Mars?