The rich get richer and the poor get poorer. That's the way the story goes. That's how history goes. It's always the same thing. So what's changed in the past year? Well it just got worse, that's about it.
Research recently conducted by the Financial Times has shown how the gap between the rich and poor has grown more and more over a single year with so many billionaires being created. China seems to top the list in terms of the creation of new billionaires. It looks like 238 billionaires were created in China alone in the past year. That's a billionaire every 36 hours.
Globally, the wealth of billionaires is increased to a total of $13 trillion. Prior to 2020, where governments around the world declared a pandemic for a new coronavirus, the billionaire wealth was at $5 trillion. That's a hell of an increase over one year.
Governments around the world prevent people from going to work and blame a virus, as if the virus is the one preventing people from going to work. No, if people were allowed to live their lives, they would choose to go to work, just like other people could choose to go to their business. But the government didn't want to let people do that. So small businesses have been hurt this past year.
Stores like Walmart don't close down. They were deemed essential. So they got to make a lot more money. Other businesses that are completely online, like Amazon, kept booming as well. It's easy for the billionaires to keep getting richer when you're handicapping small businesses from being able to take up part of the market share. Now all of the market share is pretty much going to all the big businesses.
But those stimulus checks helped out right? Maybe. We know the first round under Trump saw a lot of shady business going on. A lot of it went to big corporations, rather than small businesses. Right, because those big corps were hurting bad. That's why they fired a bunch of employees and paid big bonuses to their execs while getting money they said they would use to keep their business running and people hired.
Some US states are seeing the light and opening up their economies despite the fear mongering from the media. Florida and Texas come to mind. They seem to be doing just fine. No mass deaths and total disaster like Dr. Fauci was claiming there would be.
The world needs to open up. Let economic life breathe back into your lungs. If not, China will continue to dominate as it has in 2020, taking the US as the #1 economy. The world is changing, and not for the better from what I see.
It's a good thing crypto is around. Lot's of opportunities for the small fries to eek out some financial freedom and security. Of course the rich are in on crypto too, and will win out bigger. But the rest of us also have a chance to increase of freedom. It's the light in these times of financial darkness.
Posted Using LeoFinance Beta
It would be a really bad dream to see China becoming the world's #1 economy. They created this disaster and made a lot more money by buying the companies cheap
Posted Using LeoFinance Beta
It's already happening and was foretold 1-2 decades ago, China will rise, since everyone buys from them and outsources to them.
Posted Using LeoFinance Beta
Congratulations @defime! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next target is to reach 1000 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out the last post from @hivebuzz:
Support the HiveBuzz project. Vote for our proposal!