As Thomas Kostigen observed in his Marketwatch article entitled Harsh Reality, “the real tragedy of this financial crisis is that people will die.”
It’s not just the stock markets and lending institutions that are affected. Each and every one of us will feel the effects of this sooner or later. Living in a developed country does not grant you immunity to the ripples on this particularly murky pond. As Mr. Kostigen points out:
The Organization for Economic Cooperation and Development reported this week that the gap between the rich and the poor is getting bigger around the world, and that the U.S. is experiencing the biggest dichotomy.
Just how many people worldwide are affected by that ever widening gap between the haves and have-nots is made plain by The World Health Organization. They note on the WHO website “inequality in income is increasing in countries that account for more than 80% of the world’s population.” In case you’re wondering, The US Census Bureau’s projection for today’s world population at 6,732,572,877.
