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World population graph: past, present, and future
Source: https://www.abc.net.au/news/science/2019-07-25/population-growth-world-overshoot-day/11320990
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Interesting graphic. Please note that there is still enough to go around, in terms of food, shelter, water, air, and security. What’s that you say? People who can’t afford these things don’t deserve them?! Why, you wretched neoliberal! You filthy capitalist!! Ahem…sorry. I get a little carried away now and then. Any useful theory about the economy should start with your own assumptions (based on actual experience and historical precedent) about the best way to ensure everybody has a life-sustaining share of everything necessary. Globalized finance capitalism sure as hell isn’t the answer! Accumulating personal wealth in such a way that other people’s rights to clean air, clean water, nourishing food, decent shelter, and security are reduced or eliminated should be prohibited. If you disagree with any part of this, I would be very interested to hear why.
When we include wealth inequality it places these graphics in context. Wealth inequality in the United States, also known as the wealth gap is the unequal distribution of assets among residents of the United States. Wealth commonly includes the values of any homes, automobiles, personal valuables, businesses, savings, and investments, as well as any associated debts. The net worth of U.S. households and non-profit organizations was $107 trillion in the third quarter of 2019, a record level both in nominal terms and purchasing power parity. As of Q3 2019, the bottom 50% of households had $1.67 trillion, or 1.6% of the net worth, versus $74.5 trillion, or 70% for the top 10%. From an international perspective, the difference in US median and mean wealth per adult is over 600%.
It’s amusing seeing these wishful thinking projections at the same time as it is blindingly obvious that the soil is running out, species are disappearing at a catastrophic rate, including the marine species many rely on for protein, and climate change is going to put much of the land we rely on to feed us, underwater, including the most crowded countries like Bangladesh. Most politicians and governments (and statisticians and ‘economists’) seem to be blissfully unaware of all this!