Wealth data is not easy to get.
Still for three years now, Credit Suisse Research Institute has published an annual Global Wealth Databook which attempts to estimate global wealth holdings.
As posted today in Sociological Images: “The most recent issue includes data covering 2012. According to Credit Suisse, the goal “is to provide the best available estimates of the wealth holdings of households around the world for the period since the year 2000.”
“According to the publication, global household wealth was $222.7 trillion in mid-2012, equal to $48,500 for each of the 4.6 billion adults in the world. Wealth is defined as “the marketable value of financial assets plus non-financial assets (principally housing and land) less debts.”
“Not surprisingly, average global wealth varies considerably across countries and regions. Continue reading “U.S. leads world in income inequity”
Decades ago media theorist George Gerbner coined the term “mean world syndrome” about a mindset of disproportionate fear among individuals.
Now the mean world syndrome is taking on international proportions. The communist enemy, with the “world’s fourth largest military,” has beentrundling missiles around and threatening the United States with nuclear obliteration, writes Tom Englehardt in today’s issue of Le Monde. Guam, Hawaii, Washington: all, it claims, are targetable. The coverage in the media has been hair-raising. The U.S. is rushing an untested missile defense system to Guam, deploying missile-interceptor ships off the South Korean coast, sending “nuclear capable” B-2 Stealth bombers thousands of miles on mock bombing runs, pressuring China, and conducting large-scale war games with its South Korean ally.
Only one small problem: there is as yet little evidence that the enemy with a few nuclear weapons facing off (rhetorically at least) against an American arsenal of4,650 of them has the ability to miniaturize and mount even one on a missile, no less deliver it accurately, nor does it have a missile capable of reaching Hawaii or Washington, and I wouldn’t count on Guam either. Continue reading “The New “mean world syndrome””