Home > Absurd, Hall of Shame, Humor, Life, Rant > 45% of the world’s wealth destroyed

45% of the world’s wealth destroyed

Or so this article quotes the CEO of Blackstone

Wealth? What wealth? Minted paper and psychologically enhanced ‘value’ is now being called wealth!!!

Who can say what is the actual WORTH of a square feet of land?

What use is ‘paper’ money, if you can keep printing ‘$2,000,000’ notes and you need just one to buy a loaf of bread? (don’t know what I am talking about? Check on Zimbabwe’s economic condition in Google).

Who does care or even know about actual wealth these days?

Its funny and sad that we churn out a zillion MBAs and PhDs every year and yet we cannot answer the simplest of questions without using some hi-fi jargon.

Categories: Absurd, Hall of Shame, Humor, Life, Rant
  1. March 11, 2009 at 5:43 PM

    hopefully those MBAs will now go into something more productive, like making stuff

  2. July 24, 2009 at 2:54 AM

    You have a point there about putting artificial value on things that don’t have any. I think the problem in the world is because of overwhelming degree of disguised unemployment because of industrialization. But don’t get me wrong! Industrialization is alright, the actualy problem’s because of overpopulation.

    TC.

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