The development of capitalism leads to the creation of immense amounts of wealth but of course only for a a privileged minority. 'Nigeria's economy is expected to increase by as much as 60 per cent, taking it from $264 billion past South Africa's $384 billion. ...... Despite its vast oil wealth, the last available World Bank figures from 2010 indicated that a staggering 84.5 per cent of Nigeria's 170 million people lived on less than $2 a day.' (Yahoo News, 6 April) This pattern of wealth inequality is typical of how capitalism develops world-wide. RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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