Opinion – Increasing Prosperity, Declining Poverty, & Decreasing World Income Inequality – Max Roser – John Gelmini

Income inequality and mortality in 282 metropo...

Income inequality and mortality in 282 metropolitan areas of the United States. Mortality is correlated with both income and inequality. (Photo credit: Wikipedia)

Max Roser, in this uplifting piece via Dr Alf, is right but the figures support what Dr Alf is saying about the UK and America as well.

The gap between a person on average wages and a Times 1000 Chief Executive used to be about 45 to 150 years ago, whereas now with bonuses and “other emoluments” factored in and the application of higher tax rates, the gap is as much as 450 to 1 and getting bigger.

In America, the gap between Joe Sixpack and a Fortune 500 CEO can be 500 to 1 and in the case of a “Master of the Universe”,1000 to 1.

In Germany and Japan, the figures are closer to 25 to 1.

Something needs to give but I see things getting worse before they get better as the middle classes are eroded and eliminated by AI, expert systems, automation and off shored shared services centres such as the massive facility GE has set up in Mumbai, India which contains thousands of British-trained Indian chartered accountants, MBAs and financial modellers doing the sort of work that Dr Alf used to do as a young man and eventually able to do the work he used to do after he became a Financial Director with global credentials before he became an interim manager before his current incarnation as a remotely based business expert, blogger, writer and thought leader.

John Gelmini

Opinion – Insight – Fragmented post-recession Europe harder to govern | Reuters – John Gelmini

Subregions of Europe (UN geoscheme)

Subregions of Europe (UN geoscheme) (Photo credit: Wikipedia)

This Reuter’s article via Dr Alf, is a statement of the obvious, and represents an attempt by official news media to separate two issues which are interlinked and have a direct bearing on each other.

Countries with small populations which are wealthy, well-endowed with natural resources, properly run and have indigenous populations who follow one prevailing culture are easy to govern and usually show up well on global indices such as corruption perception and human development. Norway is probably top in the world on most of these indicators and is a good example of how things could and should be done. The rest of Europe without the latest alien influx of refugees and economic migrants is split between Northern Europe which is reasonably well run and the South which is not.

The fault line exists between Northern Italy where my late father came from and Southern Italy from where my late mother emigrated.

Europe since the banking crash was governable overall because most people could get houses and most adults could get jobs. However, it got harder when most young people could not get jobs and harder still when economic migrants following alien non-Judeo-Christian thought processes started to come in large numbers.

To have full employment, you need 3% economic growth but Europe has had much less than that and what there has been having been distributed unfairly in many cases.

Imagining that people will swallow this forever and put up with the consequences of AI, automation, robotics, outsourcing, cybernetics, 3D printing, offshoring and now unlimited numbers of refugees (they keep coming), is fantasy.

European Governments under the Bilderbergers need to think again if they imagine people are going to be easy to govern under those conditions but still they try it on.

John Gelmini