Tag: onepercent

  • Who are the one per crore?

    Who are the one per crore?

    The planet is not dying it is being killed and the people killing it have names and addresses, said singer activist and well known wobbly, Utah Phillips.

    A dollar from the United States of Africa (in the cage)
    We talk about the one per cent. It is more like the one in ten million.

    If we know the names and addresses of the 700 people who control the wealth and armies of the planet, then we might be able to adjust their behaviour.

    Taking the Forbes rich list of 1,900 billionaires and chopping it off at 700 would give us a partial result, but it excludes royalty and dictators. Also, the arms dealers, drug runners, slave traders and engangered animal merchants deliberately keep themselves off the list.

    Note that five percent of the 2,000 billionaires on the planet (ie 100 people) own more than $US10,000,000,000 (or to use the Vedic system, 100 crore $1,00,00,00,000). We might take them as our first tranche and see where that gets us.

    The top ten of the Forbes list are as follows.

    No.NameNet worth (USD)AgeNationalitySource(s) of wealth
    1Bill Gates$75.0 billion60 United StatesMicrosoft
    2Amancio Ortega$67.0 billion79 SpainInditex
    3Warren Buffett$60.8 billion85 United StatesBerkshire Hathaway
    4Carlos Slim$50.0 billion76 MexicoTelmexGrupo Carso
    5Jeff Bezos$45.2 billion52 United StatesAmazon.com
    6Mark Zuckerberg$44.6 billion32 United StatesFacebook
    7Larry Ellison$43.6 billion71 United StatesOracle Corporation
    8Michael Bloomberg$40.0 billion74 United StatesBloomberg L.P.
    9Charles Koch$39.6 billion80 United StatesKoch Industries
    9David Koch$39.6 billion75 United StatesKoch Industries
    11Liliane Bettencourt$36.1 billion93 FranceL’Oreal

    I find it somewhat refreshing that six of the ten are tech related and there is a fashionista in there as well. Two are financiers and the Koch brothers are the biggest coal barons in the world and among the largest funders of the climate denial campaign of which Senator Malcolm Roberts is the latest outgrowth.

    Of course, political power amounts to something even if we cannot simply give every politician that represents one crore of people a place in the one per crore and leave it at that. While that would represent one person one vote, the politicians from the world’s twentiest richest nations wield much more significant power than the one hundred poorer ones.

    Here are the twenty richest nations.

    Country
    Countrypopulation (1000s)adults (1000s)Share of world population (%)Share of adult population (%)Wealth per capitaWealth per adultShare of world wealth (%)GDP per capita
    Country
    World6085576369751110010026416434941007675
     United States
     United States2841542028654.675.4914372720131925.435619
     United States
     Japan
     Japan1270341009332.092.731248581571469.8625924
     Japan
     China
     China125178884206320.5722.7711267167498.773844
     China
     United Kingdom
     United Kingdom58670438710.961.191289591724614.7124252
     United Kingdom
     Germany
     Germany82344648101.351.75907681153254.6523917
     Germany
     Italy
     Italy57715464160.951.261208971503274.3422876
     Italy
     India
     India102108457059516.7815.436513116554.142684
     India
     France
     France59278443580.971.2945571263603.4923614
     France
     Spain
     Spain40717321650.670.87930861178372.3619037
     Spain
     Brazil
     Brazil1738581042132.862.8219676328252.137745
     Brazil
     Canada
     Canada30689227640.50.62892521203261.728731
     Canada
     Russia
     Russia1465601074932.412.9116579226041.519996
     Russia
     Mexico
     Mexico100088561321.651.5223488418811.469711
     Mexico
     Taiwan
     Taiwan22191154760.370.421000091434051.3819714
     Taiwan
     South Korea
     South Korea46779332420.770.945278637161.3214937
     South Korea
     Netherlands
     Netherlands15898120460.260.331211651599101.225759
     Netherlands
     Australia
     Australia19071136900.310.37909061266351.0827193
     Australia
     Indonesia
     Indonesia2091741244463.443.377973134011.044035
     Indonesia
     Turkey
     Turkey68234403911.121.0922379378060.957414
     Turkey

    Note that the Indonesians are set to pass Australia, we might soon be begging for a seat at the G30 if we want to keep our nose in world affairs. The point here is that a small number of relatively underpopulated nations compete with China, India and Brazil, the USA, Indonesia and Russia for a place at the big table.

    If we put in a political ofical for every crore of people in the G20 that would give us another 200 candidates for the 700 one per crore. Around 30 of them would be citizens of the USA, and 125 of them members of the Chinese Communist party. Russia would only get 15 places in this slice of the population, but it has around 60 billionaires to build up its numbers. This might be over estimating the power of political influence but it is at least a start.

    Now that leaves out world leaders who have scammed their way into the game without declaring their hand.

    Aross all time, the world’s most corrupt leaders have been named by Transparency International. A look at their embezzled fortunes, makes you realise how much wealth the truly wealthy have, even when you take inflation into account.

    World’s Ten Most Corrupt Leaders

    NamePositionFunds embezzled2
     1. Mohamed SuhartoPresident of Indonesia (1967–1998)$15–35 billion
     2. Ferdinand MarcosPresident of the Philippines (1972–1986)5–10 billion
     3. Mobutu Sese SekoPresident of Zaire (1965–1997)5 billion
     4. Sani AbachaPresident of Nigeria (1993–1998)2–5 billion
     5. Slobodan MilosevicPresident of Serbia/Yugoslavia (1989–2000)1 billion
     6. Jean-Claude DuvalierPresident of Haiti (1971–1986)300–800 million
     7. Alberto FujimoriPresident of Peru (1990–2000)600 million
     8. Pavlo LazarenkoPrime Minister of Ukraine (1996–1997)114–200 million
     9. Arnoldo AlemánPresident of Nicaragua (1997–2002)100 million
    10. Joseph EstradaPresident of the Philippines (1998–2001)78–80 million
    Source: Transparency International Global Corruption Report 2004 (not updated since)

    There needs to be a tranche of members based on military influence and then some way of accounting for the crooks.

    Cross referencing, updating and fleshing out these sources is just the beginning of a project to identify the One per Crore, the one in ten million people who actually call the shots. That is the 700 people in the world who we might clearly claim are running it. Once we have their names and addresses we can start working on ways to help them manage their affairs more in line with our communal and long term interest.

    The Cage welcomes your suggestions on ways to flesh out this list.

    Comment below.