to many of you, this may come as quite shocking. http://www.globalrichlist.com/ THE AVERAGE MIDDLE CLASS AMERICAN IS IN THE TOP 0.71% OF THE RICHEST PEOPLE IN THE WORLD. see where you stand. see how it makes you feel.
It just calculates how much money you GET, it doesnt take into account how much it costs to live very basically in your particular country Theres no denying all of us with access to these computers are some of the richest people in the world. The system is a pyramid remember, and were not complete slaves and we dont starve so were not right at rock bottom, that was obvious. But that doesnt make us rich with enough money to throw around or give away very much, either. You have to remember that each capitalist system may appear to give riches and freedom to every person living there, but the reality is different as food costs etc increase, unemployment etc, and the only people REALLY rolling in money are the very fortunate, the business heads and of course the masters of it all
I agree with your theory on capitalism. however the graph was more ranking on income. not living standards.
No. It would instantly evaporate. Wealth is something that needs to be constantly created and growing in order to be maintained, otherwise it literally just disappears within a generation or so.