THE WIDENING GAP

In an article describing the life of the extremely wealthy and the rest of us The Times recently laid out a list of some of these super-wealthy individuals living at present in London. The Indian billionaire Anil Agarwal worth $6.4 billion, the Russian Alisher Usmanov worth $7.2 billion and the Ukrainian Viktor Pinchuk a mere $3.1 billion. "The extravagance of the super-rich at a time when the vast majority of people are feeling the financial squeeze seems incongruous at best. But the reality is that the gap between the UHNWIs (ultra-high net worth individuals) and the rest is widening. Alan Greenspan, the former Chairman of the US Federal Reserve, said recently that high-income individuals, banks and corporations had rebounded from the global downturn, while pretty well everyone else struggled. ... The world's wealthiest 10 per cent now control 83 per cent of all assets." (Times, 5 February) When even the ultra-conservative Times can report on the widening class differences in capitalism the ultra-rich must be very convinced of the docility of the working class. Fellow workers - wake up! RD