Gates had brought together billionaire philanthropists in a supersecret meeting in Manhattan about the time the market last bottomed. Included: Buffett, Rockefeller, Soros, Bloomberg, Turner, Oprah and others. The London Times Online reported that during the afternoon session each spoke about their favorite charities.
Then, the big question: What was the underlying, core problem driving all their interests? The world’s biggest time-bomb?
Overpopulation said the billionaires. Too many people on Planet Earth.
The American Dream has been exported, spreading the capitalism virus worldwide, accelerating global GDP growth, infecting every nation and individual with their own mind-set imbedded in the promise of the “perpetual prosperity” inherent in the American Dream.
The effect? Today capitalism, globalization, the new Global Dream, the virus is rapidly spreading, mesmerizing the brains of everyone … mass-producing new billionaires … global lists on Forbes, Bloomberg and CNBC report an explosion from 322 billionaires in 2000 to 1,847 in 2014… China now has 358 billionaires … Africa has 29, adding nine last year … today, 85 of the world’s richest billionaires make more that the 3.5 billion in the bottom half … Credit Suisse predicts 11 trillionaire families in the world by 2100.
Unfortunately, as Jack Bogle warns, while spreading the American Dream we’re also a spreading a new Mutant Capitalism, a virus infecting superrich billionaires: Further widening the inequality gap, stifling opportunities for most Americans and people worldwide, hoarding the power, wealth and opportunities for those already in the top one percent, already listed among global billionaires.
Billionaires are in denial of their self-destructive delusions: “One of the disturbing facts of history is that so many civilizations collapse,” warns Jared Diamond, an evolutionary biologist, Pulitzer Prize winner and author of “Collapse: How Societies Choose to Fail or Succeed.” Many “civilizations share a sharp curve of decline. Indeed, a society’s demise may begin only a decade or two after it reaches its peak population, wealth and power.
Read More http://www.marketwatch.com/story/the-american-dream-turns-into-a-global-nightmare-2014-04-16
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