Category Archives: Globalisation

Green Crime Animation

Just a quick animation on Green Crime and Green Criminology, mainly adapted from Harlambos and Holborn 8th edition.

NB – IMO this is a confused topic that was slung onto the end of the A2 Crime and Deviance module in 2009. You might think that the main question in Green Criminology is ‘how do we explain crimes against the environment’ – but it’s much more convoluted than that – whether that’s deliberate on the part of the AQA and the text book authors I don’t know.

NB – I will in the future write my own, much clearer guide to Green Crime and Criminology, but for now – this is about as clear as I can summarise the offering from Haralambos:



A summary of The End of Poverty Chapter Eight – The Voiceless Dying: Africa and Disease

A summary of The End of Poverty Chapter Eight – The Voiceless Dying: Africa and Disease

I’ve just finished re-reading this – It mainly focusses on how Malaria and AIDs have prevented development in Sub-Saharan Africa and what can be done about it – basically a precursor to the establishment of the Millennium Development Goals. It’s 10 years old now, but fascinating nonethless, especially if you read it along with current progress reports on efforts to combat these two diseases I’ll add in a few updates on the later l8r.

The chapter begins by reminding us that corruption alone is not enough to explain Africa’s poor economic growth in the post-colonial period. In fact, charging Africa with corruption is hypocritical – little surpasses the cruelty and depredations that the West has long imposed on Africa, firstly in the form of Colonialism itself which left Africa bereft of educated leaders and infrastructure, and with arbitrary boarder lines which divided ethnic groups, water courses and mineral deposits in arbitrary ways.

On top of this, as soon as the cold war ended, Africa became a pawn in the Cold War. Assistance was refused to governments who were seen to be pro-communist and some terribly oppressive regimes were actually supported if they were seen to be anti-communist….The most obvious example provided is the installation of Mobutu Sese Seko in the now DRC following the murder of the first Primeminister of the Congo – Patrice Lumumba by CIA and Belgian Operatives, with a similar process happening in at least Angola, Ghana, South Africa (US support for Apartheid), Mozambique and Somalia.

Sachs now cites a 1965 CIA report which summed up the potential for economic growth in Africa as minimal, and stated the view that Africa was unlikely to receive signficant enough investment from the US to make a difference – basically what Africa needed was a Marshall Plan level of investment, but the US was not prepared to invest this money in Africa.

Instead, what Africa got (during the 1980s and 1990s) was Structural Readjustment Policies which encouraged ‘budgetary belt tightening’ which left many African countries poorer by 2000 than they were in the 1960s immediately after the end of colonial rule. Sachs says that these policies had little scientific merit and produced little results

Deeper Causes of African Poverty

Sach’s starts of this section by pointing out that the corruption levels between 1980 – 2000, as measured by Transparency International, were higher in various Asian countries (for example Pakistan, India and Bangladesh) compared to various African countries (for example Malawi and Mali), and yet Asian countries grew at around 3% a year, while Africa stalled. NB – it’s worth noting as a quick aside that a 3% year on year growth rate might not sound like a lot, but over 20 years this compounds signficantly.

Sachs draws on his visits to Sub-Saharan Africa (the first in 1995) to explain the factors which have hindered economic growth…..

Environmental factors hinder attempts towards economic growth – Disease, Drought and distance from world markets are all features of the African environment – Adam Smith, in fact, noted in 1776 that Africa lacked the kind of navigable rivers which gave Europe an advantage in world trade.

To emphasise this Sachs also talks about just how dispersed the rural populations of Africa are, which, combined with poor soil fertility, hinder their ability to produce sufficient food for themselves, let alone producing enough to export.

Then he gets onto the prevalence of disease – AIDS was already rampant by the mid 90s, but he also cites Malaria – he states that all of his Africa Colleages lost a few days a year to boughts of Malaria, some of the boughts being serious and leading to hospitalisation. He says that nowhere on earth had he experienced so much illness and death as in Sub-Saharan Africa – in the year 2000, SSA’s LE stood at 47, a good 20 years below Asia’s and 30 years below Europes.

According to the historian Angus Maddison, SSA had experienced the lowest levels of economic growth in the world even before colonial times, which leads Sachs to theorise that the disease burden may be able to explain both this long-term historical low economic growth rate and the more recent low growth rate.

There are some other factors which might explain low growth – Firstly poor leadership is sufficient to explain this in the case of Zimbabwe.

Next Sachs asks why there is such a lack of Free Trade Zones for exporting in Africa, given that these were the path to growth which Asian countries used form the late 1960s onwards, which grew mainly through exporting garments. There is one African country which did the same – Mauritius in 1968 – Here one ethnic-Chinese academic on the island happened to visit his brother in Taiwan . The brother was playing a lead role in the new export processing zones which were then being established in Taiwan, and his brother took the concept back to Mauritious, and the rest is history….

He then points out that free market reforms would not work in African countries which were caught in a poverty trap, especially those which are landlocked (15 countries are in Africa) – even those which had generally good governance.

The Malaria Mystery

Malaria is an entirely treatable disease, and yet it still claims 3 million lives a year, 90% of which are in Africa. After pointing to the correlation between low GDP and Malaria and then asks four questions….

Is it Malaria that causes poverty, or vice-versa? Or both?

Why was the Malaria problem so much worse in Africa

What was being done about the Malaria problem?

What more could be done?


Is it Malaria that causes poverty, or vice, versa, or both….?

Both –

Poor countries cannot afford Malarial prevention strategies – such as spraying with insecticide or putting up treated mosiquito nets, or even houses with doors and windows which keep the mosquitos out.

Malaria also prevents econommic growth – not only because of work days lost, but also because mass illness can stop infrastructure development projects in their tracks – Sachs reminds us that the building of the Panama canal was hindered because of Malaria.

Malaria also means high birth rates – when children die, parents overcompensate and have more children…. then large numbers of children and poverty means the family can only afford to educate one child, so large numbers of children enter adulthood with no education.

It also means those children who do get an education taking time of school because of sickness and poor education.

In short (p199) ‘Malaria sets the perfect trap: it impoverishes a country, making it too expensive to prevent and treat the disease. Thus malaria continues and poverty deepens in a truly vicious cycle.

Why is Africa more vulnerable than other regions?

Basically because of the disease ecology – a combination of high temperatures (the parasite develops faster), moist breeding grounds, and a variety of mosquito which prefers bighting humans rather than cattle means the transmission rate is higher in SSA than Europe and Asia (with the exception of Papua New Guinea). This all leads to the transmission rate being 9 times faster in Africa than it is in Asia.

However, Malaria is treatable and a combination of spraying, bed nets, and anti-malarial drugs means that no child at least needs to die from the disease.

What was being done (in 1995) to combat Malaria?

Hardly anything – tens of millions were being spent in aid, when $2-3 billion was required ($5billion a year in today’s money)…. The world bank was too busy arging for budget cuts and privatisation to even notice Malaria.

Africa’s AIDS cataclysm

Why is AIDs more of a problem in Africa?

No one’s really sure – the common assumption is that people have more sexual partners in Africa, although data puts this in doubt – So it might be that the patterns of copulation are different (more older men with younger women), it might be more concurrent relationships (faster turn over), it might be less use of condoms.

What are economic costs of AIDs?

This is possibly worse than Malaria, at the time 10s of millions of deaths – and many adults dying – teachers/ doctors/ civil servants, not to mention the strain on the health services, the heads of households being ill and the orphaned children. Also businesses don’t invest out of fear.

What was being done?

By the late 1990s, Anti-retroviral therapy in the West was giving people with AIDS hope – which meant more people were coming forwards to be tested for the disease, but only $70 million was being spent on combatting the disease in SSA. Apparantly the World Bank did not make one single loan specifically for combatting AIDs in the Africa from between 1995-2000.

Eventally Sachs ended up charing a WHO commission on macroeconomics and health which made the case for economic investment in health to improve economic development. They found eight major causes of disease in Africa – of which AIDs and Malaria were the top two.

The commission also suggested that $27 billion of aid focussed on health a year could save 8 million lives – equivalent to 1/000 of the combined annual income of all donor countries.

The birth of the global fund to fight AIDs, TB and Malaria

This was established in 2001, following agreement from drugs companies to provide AIDs drugs for the $500 cost price (for low income countries) rather than the $10000 market price in high income countries.However, there is still an ongoing battle to secure funding and encourage low income countries to implement the necessary procedures to make all this worthwhile.

Lessons learned

In the final section of this chapter Sachs reminds us that Africa faces other barriers to growth rather than just disease – he notes that a combination of environment and poverty creates a poverty trap – He comes back again to the point that intermittent rain fall doesn not help crop fertility, but also the fact that the most heavily populated areas are the most fertile regions in Africa – which is Rwanda (and DRC I thought) – basically inland areas furthest away from the coast.

However, he notes that there are many things which could be done to assist Africa – Poor soil can be improved by organic and artificial fertilisers, irrigation schemes could help – (Africa, basically, needs its own Green Revolution), and infrastructure improvement could connect inland rural populations.

At the end of the day – if a combined effort of the International Community and African Countries can combat Malaria and AIDs, then the same can be done to improve farming and develop roads and electric infrastructure.

I’m reminded about one quote from near the beginning of the book – What does Africa need to focus on most urgently – health/ education/ infrastructure or what – the truth is, everything at once.

The chapter rounds off by mentioning that this was about to be put in place big time by the introduction of the Millennium Development Goals in 2015 – Which Sachs played a central role in….


TTIP – Putting Profit before People

The government is about to sign up to a treaty which will would allow companies like Sports Direct (just a random example) to sue a future government for increasing the minimum wage, if introducing such a policy damaged corporate profits.

The treaty’s called the Transatlantic Trade and Investment Partnership – And it’s seems to be primarily about shafting the 300 or so million citizens of European countries so that Transnational Corporations can make even more profit.



Having clicked around a few web sites which try to summarise what the TTIP is, I think I’ve done a better job below – down to just FIVE KEY POINTS… (Handily for anyone studying Global Development, this also reads like a ‘what is neoliberalism’ check llist).

1. The Transatlantic Trade and Investment Partnership (TTIP) is a free trade treaty currently being negotiated – in secret – between the European Union and the USA.

2.  The main goal of TTIP is to remove regulatory ‘barriers’ which restrict the potential profits to be made by transnational corporations on both sides of the  Atlantic.

3. These ‘barriers’ are basically social and environmental protections currently enforced through the laws of various nation states within Europe and include the following:

  • labour rights (e.g. Minimum wages, holiday pay, public sector pensions)
  • food safety rules (including restrictions on GMOs),
  • regulations on the use of toxic chemicals
  • digital privacy laws
  • new banking safeguards introduced to prevent a repeat of the 2008 financial crisis.

4.  TTIP also seeks to create new markets by opening up public services  to competition from transnational corporations, threatening to introduce a further wave of privatizations in key sectors, health and education.

5. Most worrying of all, TTIP seeks to grant foreign investors a new right to sue sovereign governments in front of ad hoc arbitration tribunals for loss of profits resulting from public policy decisions.

So here we go again – a further wave of neoliberalisation, given that it looks like many Nation States in Europe are about to agree to a set of international rules which put Corporate profits before the well-being of their citizens.

Of course you’ve probably never heard of this treaty, it’s firmly off the news agenda, even though, right now, your democratic rights are being undermined and this treaty will almost certainly mean that you are worse off in the future in terms of your labour rights, environmental protection, and quality of public services.

If you want to sign a petition to get Vince Cable to fix or scrap the deal then click here

This post is mainly summarised from this nice document – TTIP – A Charter for Deregulation, an Attack on Jobs and an End to Democracy

Summary of Liquid Modernity Chapter Five – Community

Bauman starts of the chapter summarising the liberal-communitarian debate about the relationship beetween the individual and society.

He reminds us that the individual according to the likes of Kant, Descartes and Baccon, could come to truth by using pure reason, and that all individuals if just left alone from the distortions of community would arive at the same notions of truth.

Communitarians criticised this by pointing out that the individual could never be free because individuals are socialised – e.g. through language.

But Bauman points out that it was never clear whether the critiques were saying that the image of the self-contained individual was untrue or just harmful.

Today, says Bauman, the liberal-communitarian debate concerns whether or not liberating the individaul from communal constraints is good or bad. Also today, communities are more like a light cloak rather than an iron cage and the reason why we are concerned for community is because it is in decline. Furthemore, communities when spoken about are postulated – we can comment on them because we are not really bound by them, they are a choice.

Sociologically speaking, communitarianism is an expected reaction to the liquification of life…. yet today the word community is used loosely… the community in today’s communitarian gospel is not that of Gemeinschaft, it is to be chosen (and we have no choice but to choose) – a choice between different identity reference groups.

However…. the communal world is complete in so far as all the rest is… hostile – a wilderness with enemies. The inner harmony of the communal world shines and glitters against the background of the obscure and tangled jungle outside. It is there, to that wilderness, that people huddling in the warmth of shared identity dump (or hope to banish) the fears which prompted them to seek communal shelter. In Jock Young’s words ‘The desire to demonize others is based on the ontological uncertainties’ of those inside. An ‘inclusive community’ would be a contradiction in terms. Communal fraternity would be incomplete without that inborn fratricidal inclination.

(172-176) Nationalism, mark 2

The community of the communitarian gospel is an ethnic community – the choice is either between being at home or being homeless – it is an essentialising idenitity, (a master identity?).

Here Bauman argues that the nation state was the only success story of ‘community’ in modern times.  he discusses the similarities between nationalism and patriotism (both are basically agressive, not gentle) before suggesting that both are based on exluding others – nationalism is closed, and relies on the vomitting out strangers approach, but at least patriotism is more open ended, it invites people in – but only with the aim of ingesting their difference, still leaving others outside.

(176 – 182) Unity – through similarity or difference?

Both Nationalism and Patriotism depend on ‘othering’ – Unity comes from setting up a boundary and then emphasising the difference between us and them.

He now draws on Bernard Crick to propose another type of unity – that based on unity and conciliation – were people pursue self-identification in a multitude of ways and the ‘polis’ is one of onging negotiation and conciliation of differences.

This later, argues Bauman is the only one which is compatible with liquid modernity (so nationalism is no longer relevant?) – Now that disembededness/ individualisation etc. are so advanced, we must either construct a society in which different people can live together collectively, negotiating and reconciling their differences, or we create a society in which we basically avoid eachother and those who are different to us.

We seem to be in the process of creating the later, at least those in power do….. as evidenced in cyber-enclaves and gated communities, which are privatised solutions to insecurity which cost (while we leave the poor outside in ghettos).

He now sites Sennet who puts a pyscho-sociological gloss on this….

The image of the community is purified of all that may convey a feeling of difference, let alone conflict, in who ‘we’ are. In this way the myth of community solidarity is a purification ritual…. What is distinctive about this mythic sharing in communities is that people feel they belong to eachother, and share together, because they are the same… the ‘we’ feeling, which expresses the desire to be similar, is a way for men to avoid the necessity of looking deeper into each other.

Bauman goes on to say that this is also a bid to avoid confronting vexing questions such as whether the self, frightened and lacking in self-confidence is actually work loving in the first place and whether it deserves to be the basis of a design for society.

In another place (In search of politics 1999) I have discussed the unholy trinity of uncertainty, insecurity and unsafety… each one generating anxiety… with the access to the sources of these out of reach, the pressure shifts elsewhere, to the realm of bodily, domestic and environmental safety. As a result the ‘safety problem’ tends to be chronically overloaded with worries and cravings it can neither carry away or unload. The unholy alliance results in the perpetual thirst for more safety, a thirs which no practical measures can quell since they are bound to leave the primary and perpetually prolific sources of uncertainty untouched.

(182-184) Security at Price

Communitarianism assumes that the cost of increased security is individual freedom. The two cannot be increased simultaneously. Also, the vision of communitarianism is one of an island that protects against the stormy sea, the idea of mastering the sea itself is already abandoned.

Bauman now draws on Durkheim – Society for Durkheim (a view credible at the time) is that body under whose protection we shelter from the horror of our own transcience…. he cites the following quote to emphasise how irrelevant Durkheim’s vie are today… ‘Actions which have a lasting quality are worthy of our volition, only pleasures which endure are worthy of our desires’.

The body and its desires are now longer lived than in Durkheim’s day, but nearly everything else is more transcient – hence the body (along with community) is the only place we can look to for security.

He rounds off this section by suggesting that the body and the community are the only places where we might find security and certainty, and they are lonely places. This has happened because the Nation State has dissolved itself of the responsibility of providing security, or of guaranteeing the security of its citizens.

(185-192) After the Nation-State

There is little hope of salvaging the security and certainty servicecs of the state. This has been erroded by the new global powers (of capital) with the awesome extraterritoriality, speed of movement and evasion/ escape ability; retribution for violating the new global brief is swift and merciless. Indeed, the refusal to play the game by the new global rules is the most mercilessly punishable crime, which the state powers, tied to the ground by their own territorially defined sovereignty, must beware of committing and avoid at all cost….. More often than not, punishment is economic. Insubordinate governments, guilty of protectionist policies or generous public provisions for the ‘economically redundant’ sectors of their populations’ would be refused loans or denied reduction on their debts; local currencies would be made global lepers, speculated against and pressed to devalue, local stocks would fall head down on global exchanges… global investors would withdraw.

Sometimes actual war is necessary, as was the case with Yugoslavia….

Bauman now outlines how history up until heavy modernity was a war over space….. between the settled and the nomads, bewteen the bigger and the smaller,  no longer, today the war is between the quick and the slow. He then argues that what global capitalism wants is the right to be free from commitments, while leaving the tricky issue of security to local goverments, at whatever level these exist.

Four pages are now devoted to outlining the failures of NATO’s attempts to police conflicts. Bauman argues the trend is likely to be to less engagement in local conflicts (the let the war burn itself out approach), before rounding off the chapter suggesting that globalisation has lead to increasing conflicts between communities rather than promoting the peaceful coexistence of communities.

(192-199) Filling the Void

Following Hobsbawm – TNCs would prefer a world with no nation states, or at least smaller states, because these are less powerful and easier to buy. Bauman likes Gidden’s juggernaut analogy, and further suggests that nation states desperately try steer it competitively – they have no choice but to try and attract economic forces favourably because votes depend on it.

The future is one of either supranational regulatory institutions or increasing precariatisation (following Bordieu) – Either way the NS will decline… If this continues, and possibly loses its monopoly on coercion (one if its defining features according to Weber and Elias), it is not at all certain that less violence would be the result. We might just see violence descend to the neo-tribal level.

What could fill this void are what Bauman calles explosive communities, which are born in violence and require violence to continue.

Bauman now draws on Rene Girard’s work on the role of violence in community. Gerard argues that a violent urge is always seeting beneath any community….. To deal with this it needs to be channelled and it is channelled outside of the community – Boundaries are drawn, others created, and unity of the community is periodically enforced by choosing victims from the others to sacrfice. (NB this is all very abstract!)

He now makes a few qualifications, but to be honest I only skim read the rest of this section as I’m not especially interested in this aspect of Bauman’s work at this time, although the point seems to be that explosive communities require violence to define themselves.

Cloakroom Communities

Bauman rounds off by saying that such explosive communities are also cloakroom communities – I’m not sure the word works, it’s supposed to capture their addiction to spectacle the high emotion. He also calls them carnival communities, a better choice of word.

Finally, Bauman mentions that such communities offer no means of grounding the individual, they do not adequately address the destabilising forces which give birth to them!

C.V. building – another individualised ‘solution’ to systemic contradictions

As part of our college tutorial programme I was recently required to show my students this ‘monster guide to writing a C.V.’


I’ve been reading way to much Bauman recently to not subject this to some Baumanesque analysis, and from this perspective, writing a C.V. appears as a strategy for ‘middling people’ to avoid becoming ‘surplus people’ (or ‘waste’ to use another of Bauman’s terms).

A summary of the Advice in the Monster C.V. video with Baumanesque commentary

1. The purpose of the CV – ‘Your CV should tell a propsective employer why you’re the ideal canditate to invest time and money in….Essentially it’s a sale’s brochure, pinpointing the unique selling points which make you stand out from the crowd’

This is a nice illustration of how individuals have to turn themselves into commodoties, and market themselves. Bauman says in Consuming Life: ‘People today are…. ‘enticed, nudged or forced to promote an attractive and desirable commodity, and so to try as hard as they can, and using the best means at their disposal, to enhance the market value of the goods they sell. And the commodity they are prompted to put on the market, promote and sell are themselves. The activity in which all of them are engaged (whether by choice, necessity, or most commonly both) is marketing. The test they need to pass in order to be admitted to the social prizes they covet demands them to recast themselves as commodities: that is, as products capable of catching the attention and attracting demand and customers’. (who in this case are the employers.)

2. The content of the C.V. – ‘Your contact details so a prospective employer can contact you immediately; a paragraph that captures the attention of your reader and entices them to find out more about you, but don’t cram this with too much information; a bullet-pointed list of your work experience and qualifications so that an employer can match your skills to those of the job specification; your ‘key skills’ such as IT packages you’ve used, and the level you’ve achieved.’

This is a supreme example of the process of Individualisation – In Liquid Modernity, Bauman defines the process of Individualisation as follows…. how one lives today becomes a biographical solution to system contradictions – risks and contradictions go on being socially produced; it is just the duty and the necessity to cope with them which are being individualised. He goes on to say that we…. ‘are now expected to find individual solutions to our problems ….. gone is the ideal of the just society. No longer are we to solve our problems collectively through Politics (with a capital P) but it is put upon us to look to ourselves.’

3. A final word of warning – ‘Spelling and typographical erroz (lol!) – any errors are your responsibility and are one of the first things employers use to weed out weaker candidates.’

The above two process go on in a culture of fear and anxiety – To quote Bauman (LM) ‘The modernising impulse means the compulsive critique of reality, and the privatisation of that impluse means compulsive self-critique, and perpetual self-disafection. It means that we look harder and harder at how I can improve myself.’ In another section of LM – ‘Individualisation consists of charging actors with the responsibility for performing that task and for the consequences (also the side effects) of their actions.’ – If we fail in this system it is because of our poor spelling

Of course what the C.V. doesn’t remind us of are the systemic contradictions that make C.V. writing a necessity for anyone wishing to play the game of climbing the career ladder…

For such a reminder, we can again turn to Bauman – who reminds us that society is still ‘obsessed with modernising, with creative destruction… but in its liquid modern phase the drive to privatisation and deregualation have lead to even more phasing out, cutting out, merging, downsizing and dismantling’…. Today Capital moves from place to place, enterprise to enterprise, quicker than ever, and this means that capital is freer than ever to pick and choose its labour force from any part of the world…. which means decreasing job security and increasing competition, which sets the context for the necessity of constructing a ‘C.V, and career-biography’ (a cviography?) – A C.V. becomes a necessity to achieve a decent job.

Furthermore, something which the video fails to mention … ‘The New Capitalism has a strong preference among employers for free-floating, unattached, flexible, ‘generalist’ and ultimately disposable employees’ – this means that that C.V. you’ve just spent the last two weeks ‘perfecting’ isn’t perfect, it’ll be out of date by this time next year and will need updating!

However, as Bauman says in ‘Liquid Modern Challenges to Education’ the C.V. and the educational history it summarises are no guarantee of a good a job:

‘Nothing has prepared them for the arrival of the hard, uninviting and inhospitable new world of downgrading of grades, devaluation of earned merits, doors shown and locked, volatility of jobs and stubbornness of joblessness, transience of prospects and durability of defeats; of a new world of stillborn projects and frustrated hopes and of chances ever more conspicuous by their absence. Today, the throngs of the seduced are turning wholesale, and almost overnight, into the crowds of the frustrated.

For the first time in living memory, the whole class of graduates faces a high probability, almost the certainty, of ad-hoc, temporary, insecure and part-time jobs, unpaid “trainee” pseudo-jobs deceitfully re-branded “practices” − all considerably below their acquired skills and eons below the level of their expectations; or of a stretch of unemployment lasting longer than it’ll take for the next class of graduates to add their names to the already uncannily long job-centres waiting lists.’

Of course a sixth form college like mine would never subject its students to this type of analysis… that would just kill aspiration. Instead of wasting time pondering this fruitless line of analysis further, students are advised to dismiss immediately any thoughts that there may be any grain of truth in such an analysis.

Instead , you are advised to go engage in voluntary work, do D of E, learn the saxophone take up gymnastics, set up a debating society, establish your own mini-enterprise (make sure it’s a good one!), learn Greek, brush up on your IT skills, read all of the major works of English Literature written between 1831 and 1869, and basically work 26 hours a day to make sure you get 4 A*s… Well go on then, get going.. it’s ALL DOWN TO YOU!

The World Wealth Report 2013


The World Wealth Report reports on trends in the wealth of HNWIs – Or High Net Wealth Individuals. These are individuals with $1million or more in investable assets. You have to sign up to be able to download the report, but its free. (Thankyee for the crust kind sirs, doffs cap…) 

Between 2011-12, the richest 12 million people in the world gained an extra 4.2 trillion dollars of wealth between them – Their total wealth is now $46.2 billion, up from $42 billion in 2011. Thats a tidy $350 000 each extra on average, and according to the predictions below that trend is set to continue…


Of course it gets bleaker… the averages above disguise the fact that the richest Ultra High Net Wealth Individuals increased their overal wealth more than the mere ‘millionnaires next door’… the proportional increases may well be the same, but of course a 10% gain on $50 million means you gain more than if you’d gained 10% on a mere $1 million.



And bleaker… The richest 12 million may have got 10% richer on average, but this is on the back of a mere 2.2% GDP growth rate, so their wealth is growing nearly five times the rate of real global wealth (although somehow I’m sure that’s not a fair comparison?!)



And even bleaker… according to the World Bank’s GNI data (not the same as wealth I know) –  GNI only increased from around 70 to 71.4 trillion dollars, which is less than 1%, so most of this wealth increse doesn’t seem to be rooted in the production of tangible goods and services.

No doubt there are different ways of interpreting what this data actually means, comments welcome!


In case you prefer a word-based summary – the 2013 report notes the following…

  • Between 2011 to 2012 The world’s HNWI population increased by 9.2% to reach 12.0 million, after remaining flat in 2011.
  • In the same period, The aggregate investable wealth increased 10.0% to US$46.2 trillion, after declining slightly in 2011.
  • ƒHNWI wealth in 2012 represented a new level of strength, going well past the historical high of US$42.7 trillion set in 2010.
  • Relatively stronger growth rates in higher wealth bands4 (US$5 million or more) led the growth of overall investable wealth globally.
  • All of this is despite a decline in the rate of world GDP growth to 2.2% last year.



Andrew McAfee – The Future of Jobs (summary)

In this TED video, Andrew McAfee makes some predictions about the future of jobs.

His overarching prediction is that very soon, technological advancements will result in fewer people doing jobs in the following sectors.
• Driving
• Customer server reps and trouble shooters
• People working in warehouses.
He does point out that people have been predicting mass technological unemployment for about 200 years, but this time it’s different because today’s machines are acquiring new skills such as being able to listen and speak.
Our future world, what he calls the new machine age, is one in which there is more technology and fewer jobs. He argues that this is a good thing because…
1. This allows us to continue the trend towards increasing productivity and lower prices.
2. Once androids are doing the work, we are freed from drudge labour,

McAfee is optimistic about the future. He argues that when more people are freed by technology, this allows us to imagine a totally different society – One in which entrepreneurs, financiers, and artists etc. come to together to imagine alternative futures. He even goes as far as to say that he agrees with the following words of Freeman Dyson….. ‘technology is a gift of God. After the gift of life, it is perhaps the greatest of God’s gifts. It is the mother of civilisation, of the arts and of the sciences.
He then poses the question: What could possibly go wrong?
Firstly, he says that the economic contradiction between increasing returns to capital and decreasing returns to labour that accompanies technological revolution still hasn’t been resolved – this is the same problem as Henry Ford realised a century ago – that decreasing wages means less demand, which is ultimately bad news for capital.
Secondly, he points to the social problems might emerge as we live in an increasingly polarised society in which more people are ejected out of the affluent middle classes. To do this, he invents two typical workers, Bill and Ted. Bill has no college education and is either employed in blue collar or low level white collar work, while Ted is college educated and works in a higher end professional job.

Through a series of graphs (that remind me of The Spirit Level), we are now shown that while Ted has maintained his social position in most respects after the first, Bill now faces a bleak future of increased marginalisation from the increasing wealth being generated…
1. He earns considerably less,
2. He is far more likely to be unemployed,
3. He is less likely to see his children go on to be upwardly socially mobile,
4. He is much more likely to go to jail.
5. He is less likely to vote.
This trend, of blue collar jobs disappearing is not likely to abate any time soon, because it is precisely such blue collar jobs that are under threat from new developments in technology.
One proposed solution to this is a guaranteed national income, which, he points out is far from being limited to Socialism, was in fact championed by the likes of Hayek, Freedman and Nixon.
He rounds of by saying that his biggest fear is that we could face a future in which we have glittering technologies embedded in shabby societies, supported by an economy which generates inequality rather than opportunity.
However, McAfee doesn’t think that this will happen because of growing awareness of the true nature (the ‘plain facts’) of the problems that we face and that this will result in a future of new technologies being used to allow greater numbers of people access abundance.

UK Tourism – Suggests globalisation is exaggerated?


According to World Bank data, more people visit abroad from the UK than from any other country other than China.

travel trends UK


The thing is, we don’t tend to travel that far from home!



According the ONS 2012 Travel Trends the number of visits abroad by UK residents was 56.5 million, broadly equivalent to one visit abroad per person per year (although no doubt the distribution is nowhere near equal!).

What’s interesting, however, is just how close to home most of these visits are:

  • Nearly 20 million, or 34% of all visits are to Spain or France
  • About 38 million visits, or about two thirds of total visits are to just 10 countries, made up 8 countries in Europe plus America and Turkey.
  • This means that just 20 million visits, which will be considerably less than one third of the UK population, venture to more exotic destinations, and many of those 20 million visits are likely to be ‘safe’ western-style hotels in countries such as Egypt.

Given all of this, I think it’s safe to say that tourism trends are more regional than truly global. True global travelers are very much the exception.

Tourism Departures – An Indication of the Rise of the BRIC Nations?

I just knocked up this graph using World Bank data on tourism departures between 2003 – 2011 (which is very easy to do btw!)


Data from World Bank


It’s a nice illustration of the relative increase in the spending power of (some) people in the four BRIC nations in relation to the relative decline of spending power in the United Kingdom and the USA.

It also shows how much further ‘ahead’ China is compared to the other BRIC nations, as well as serving as a reminder of just how inward looking Americans are   – The same number visit abroad do from the UK, but their population is about six times the size of ours!