World's 8 richest match wealth of bottom half of global population, Oxfam says

[dealmaker]

World's 8 richest match wealth of bottom half of global population, Oxfam says
Bill Gates, Inditex founder Amancio Ortega Gaona, Warren Buffett and five other men hold as much money as the 3.6 billion people who make up the world's poorest half, the charity said. The report highlighted "grotesque" inequality, but many observers criticize Oxfam's methodology and its oversights, such as in the area of charitable contributions. (MarketWatch)

 

[cdcaveman]

Socialist rhetoric

 

[Overnight]

Newsflash...The earth holds an infinite amount of wealth over the rest of the galaxy, since we have no other planet in the galaxy by which to base relative wealth upon.

 

[southall]

since we have no other planet in the galaxy by which to base relative wealth upon.

Probably millions of planets that have more valuable resources, there are supposedly planets made almost entirely out of diamond not too far from us.

 

[Overnight]

Probably millions of planets that have more valuable resources, there are supposedly planets made almost entirely out of diamond not too far from us.

If that is true and we could get there and mine it, then the value of earth diamonds would plummet, because now, with a planet-sized diamond to mine, instead of diamonds being really rare it would become as common as sand.

 

[vanzandt]

If that is true and we could get there and mine it, then the value of earth diamonds would plummet, because now, with a planet-sized diamond to mine, instead of diamonds being really rare it would become as common as sand.

http://www.space.com/15419-asteroid-mining-billionaires-private-spaceflight.html

 

[Overnight]

*sighs* Vanz, that article is almost 4 years old. We're no closer. In our lifetime I think it is safe to say that we are always going to be comparing our own wealth to what everyone else has on this planet.

My point is that until we meet an alien society that values resources like we do, nothing will change what we know about how earth markets react to supply-and-demand. If we find a planet-sized rock of diamond, then why would diamonds still be as valuable as they are now?

 

[vanzandt]

*sighs* Vanz, that article is almost 4 years old. We're no closer. In our lifetime I think it is safe to say that we are always going to be comparing our own wealth to what everyone else has on this planet.

My point is that until we meet an alien society that values resources like we do, nothing will change what we know about how earth markets react to supply-and-demand. If we find a planet-sized rock of diamond, then why would diamonds still be as valuable as they are now?

Here's a good one. http://www.mirror.co.uk/science/nasa-investigate-giant-metal-asteroid-9635613
and... http://motherboard.vice.com/read/why-luxembourg-of-all-places-is-a-global-leader-in-asteroid-mining

 

[Overnight]

Thanks Vanz. Read the articles. It ain't gonna' be good for traders for a couple hundred years at least. We don't have to worry about it.

 

[vanzandt]

Hold on now... the Daily Mail says it'll collapse the world's economies LMAO...
gotta love the Brits. http://www.dailymail.co.uk/sciencetech/article-4128582/Nasa-plans-explore-expensive-asteroid.html