Ns Economic Development
Why has the average wealth of some developed nations surpassed that of the US during the past decade?
During the past decade several developed nations, including France and Sweden, have surpassed the United States in terms of average wealth. The recent analysis by Credit Suisse in its Global Wealth Report shows an interesting trend. The Organization for Economic Cooperation and Development (OECD) also finds that there is more upward mobility in Europe. What accounts for this?
http://lifeinc.todayshow.com/_news/2010/10/15/5295665-good-graph-friday-the-international-wealth-gap
https://www.credit-suisse.com/news/en/media_release.jsp?ns=41610
http://www.oecd.org/dataoecd/2/7/45002641.pdf
Your last sentence said it all:
[The Organization for Economic Cooperation and Development (OECD) also finds that there is more upward mobility in Europe]
The only way to make money in the US is by investing in corporations that are using cheap foreign labor.
If you do not have the money to invest, you are screwed, because the same policy is sending your job overseas… and you will NEVER have money to invest.
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