We often gasp at the amount of wealth various entrepreneurs have amassed. News about economic inequality (sometimes known as income inequality) is quite common lately, and so it should be. Slowly but surely, society’s patience is reaching the breaking point and when that happens, chaos ensues.
It is hard not to be shocked when confronted with the knowledge that the accumulated wealth of 42 individuals (no typo, it really is a two-digit number) is greater than that of the poorest half of the world’s population put together. And then there’s that already outdated statistic about the world’s top 1% owning more than the bottom X% (82% as of 2017 and growing).
Is there a reason to rage when these statistics show up? To many, the answer is an obvious “yes”. Indeed, the disparity is staggering, but fury isn’t usually the right attitude to address a problem. There are many factors that contribute to the present state of affairs and we are directly responsible for some of them. Owning up to this is the first step towards improving things.
As I’ll soon show, there are different kinds of “rich and powerful”. Some of these people are highly beneficial for the progress of our species, while others are destroying lives and wrecking our ecosystem, dragging down society by setting the wrong examples.