I'm revising my slides for a lecture on global prosperity, and have decided to remove some material. The reason I blog is so that I can capture such things here. There is a brilliant post called "A Zero-Sum Wealth Quiz" at Coyote Blog. The author shows the above images and asks where you'd like to live. Bearing in mind that:
One house has hot and cold running water, central air conditioning, electricity and flush toilets. The other does not. One owner has a a computer, a high speed connection to the Internet, a DVD player with a movie collection, and several television sets. The other has none of these things. One owner has a refrigerator, a vacuum cleaner, a toaster oven, an iPod, an alarm clock that plays music in the morning, a coffee maker, and a decent car. The other has none of these. One owner has ice cubes for his lemonade, while the other has to drink his warm in the summer time. One owner can pick up the telephone and do business with anyone in the world, while the other had to travel by train and ship for days (or weeks) to conduct business in real time.
Of course the one on the left was owned by Mark Hopkins, a railroad magnate and very rich person. But how many of us would deem him better off than the average family today? It's a great example how rich we really are, and the near eradication of absolute poverty in countries with economic freedom.
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