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Map of the Billionairs – 1,826
from David Ruccio
According to a new study, The Geography of the Global Super-Rich, by Richard Florida, Charlotta Mellander, and Isabel Ritchie, the United States is home to the world’s largest number of billionaires, with 541, 30 percent of the total. China is second with 223 or 12 percent. Next in line are India and Russia, with 82 billionaires (4.5 percent) each. Germany is fifth with 78 billionaires (4.3 percent). The United Kingdom is sixth with 71 (3.9 percent). Switzerland has 58 (4.3 percent), Brazil 50 (2.7 percent), France 39 (2.1 percent), and Italy 35 (1.9 percent).
Just to put things in perspective, the world’s 1,826 billionaires make up just 0.00003 percent of the global population.
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—– look inside —– $5.94 / $20.00
—– look inside —– $4.90 / $8.00
—– look inside —– $15.99
—– look inside —– $5.99 / 12.99
—– look inside —– $5.93 / $12.99
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—— Ugarteche, Puyana and Madi ——
Gerson Lima / Maria Alejandra Madi
Edward Fullbrook and Jamie Morgan
————— Michael Hudson ————–
Maria Alejandra Madi / Jack Reardon
————- Edward Fullbrook ————-
—————— Steve Keen —————–
————— Richard Smith —————
————– Gustavo Marques————
– Victor Beker and Beniamino Moro –
————– Lars Pålsson Syll ————-
—————– Stuart Birks —————-
Edward Fullbrook and Jamie Morgan
———— Armando Ochangco ———-
Shimshon Bichler / Jonathan Nitzan
————— Mauro Gallegati ————–
————— Herman Daly —————-
————— Asad Zaman —————
—————– C. T. Kurien —————
————— Robert Locke —————-
Real-World Economics Review Blog 
As well as their percentage of population, just what percentage the wealth do they own?
This topic has not escaped wider concern, even in the musical theater. The song “Cool, Cool, Considerate Men” from the musical “1776” is sung by the character John Dickinson, and several other “conservatives” who supposedly opposed the Declaration of Independence and separation from the UK because they believed it would ruin the colonies financially, thus the rich men of the colonies, of which they were part. When they were out voted in the Independence Convention they left. Dickinson was ruined both financially and socially by this action, or so some histories say. The song is course a vast over-simplification an in many way historically inaccurate. Dickinson, if not the others was more likely motivated by his admiration for Quaker values of moderation and respect. But there is no denying that protection of property and those men who held it was high among the Quaker values and for Dickinson. That these might be sacrificed to hot-headed rebels was something he opposed.
It’s telling I think that when the musical debuted in 1972 and was presented to President Nixon that Nixon requested and won deletion of this song from the movie version. Obviously a sore area in the fight for independence, even in 1972. Even today.
Oh, say
Do you see what I see
Congress sitting here in sweet serenity
I could cheer
The reason’s clear
For the first time in a year
Adams isn’t here
And look
The sun is in the sky
A breeze is blowing by
And there’s not a single fly
I sing Hosanna, Hosanna
(Hosanna, Hosanna)
And it’s cool
Come ye cool, cool conservative men
Our like may never ever been seen again
We have land, cash in hand
Self command, future planned
Fortune thrives, society survives
In neatly ordered lives
With well-endowered wives
Come sing
Hosanna, Hosanna
In our breeding and our manner
We are cool
Come ye cool, cool considerate set
We’ll dance together to the same minuet
To the right, ever to the right
Never to the left, forever to the right
Let our creed
Be never to exceed
Regulated speed
No matter what the need
Come sing
Hosanna, Hosanna
Emblazoned on our banner
Is “keep cool”
What we do
We do rationally
We never, ever go off half-cocked
Not we
Why begin
Till we know that we can win
And if we cannot win
Why bother to begin?
Edward Rutledge:
We say this game’s not of our choosing
Why should we risk losing?
Conservatives:
We cool, cool men
John Dickinson:
(Mr. Hancock, you’re a man of property. One of us. Why don’t you join us in our minuet? Why do you persist on dancing with Mr. Adams? Good Lord, sir. You don’t even like him.)
John Hancock:
That is true
He annoys me quite a lot
But still, I’d rather trot
To Mr. Adams’ new gavotte
John Dickinson:
(But why, sir? For personal glory? For a place in history? Be careful, sir. History will brand Mr. Adams and his followers as traitors.)
John Hancock:
(Traitors, Mr. Dickinson? To what? The British crown? Or the British half-crown? Fortunately, there are not enough men of property in America to dictate policy.)
John Dickinson:
(Well, perhaps not. But don’t forget that most men with nothing would rather protect the possibility of becoming rich than face the reality of being poor. And that is why they will follow us)
To the right, ever to the right
Never to the left, forever to the right
Where there’s gold
A market that will hold
Tradition that is old
Reluctant to be bold
I sing Hosanna, Hosanna
In a sane and lucid manner
We are cool
We’re the cool, cool considerate men
Whose like may never, ever bee seen again
With our land, cash in hand
Self command, future planned
And we’ll hold to our gold
Tradition that is old
Reluctant to be bold
We say this game’s not of our choosing
Why should we risk losing?
We cool (cool)
Cool (cool)
Cool (cool)
Cool (cool)
Cool (cool)
Cool (cool)
Cool
Cool
Men!
How interesting. 1776! As a Brit It hadn’t occurred to me before that The American Declaration of Independence and the publication of Adam Smith’s Wealth of Nations both occurred in 1776. So this is the Landed Gentry opposing Free Trade? Good for them, at least insofar as they remembered they can’t take their wealth with them when they die, and shared it among those in need rather than the already deserving.
Kindly message to the billionaires in today’s reading?
Jesus said to his disciples: “There is no need to be afraid, little flock, for it has pleased the Father to give you the Kingdom. Sell your possessions and give alms. Get yourselves purses that do not wear out – treasure that will not fail you – in heaven, where no thief can reach it and no moth destroy it. For where your treasure is [with those you have helped?], there will your heart be also”.
And poetry saved the world…may be.
A rich thought, Louis.
And nuclear rearmament saved the world … maybe. If we comprehend it. Any possibility of change may be for better or for worse, so only change what needs mending?
Wilfred Owen put a fair few off war with his poetry:
“If in some smothering dreams you too could pace
Behind the wagon that we flung him in,
And watch the white eyes writhing in his face,
His hanging face, like a devil’s sick of sin;
if you could hear, at every jolt, the blood
Come gargling from the froth-corrupted lungs,
Obscene as cancer, bitter as the cud
Of vile, incurable sores on innocent tongues, –
My friend, you would not tell with such high zest
To children ardent for some desperate glory,
The old Lie: Dulce et ecorum est
Pro patria mori.”
The historical Jesus, “so disfigured he looked barely human”, acted out Psalm 22 raised on a tree where all could see him:
“I am a worm, not a man,
Scorn of mankind, contempt of the people;
All who see me jeer at me,
They sneer and they wag their heads.
‘He trusted himself to Yahweh, let Yahweh set him free!
Let him deliver him, as he took such delight in him”.
But Jesus’s dying made possible his resurrection, giving some point to Psalm 49:
“For he will see the wise also die
No less than the fool and the brute,
And leave their wealth behind for others. …
Do not get overawed when someone gets rich
and lives in ever greater splendour;
When he dies he will take nothing with him,
His wealth will not go down with him. …
In prosperity people lose their good sense.
They become no better than dumb animals”
If the resurrection is truly “Maybe”, this is certain. It seems the difference between wisdom and foolishness is making friends rather than enemies by giving one’s wealth away before one dies. Would that the Jews had learned that one in Palestine.