…but not for the reasons that CNN Money implies:
The United States holds a disproportionate amount of the world’s rich people.
So where do these lucky rich people live? As of 2005 — the most recent data available — about half of them, or 29 million lived in the United States…another four million live in Germany. The rest are mainly scattered throughout Europe, Latin America and a few Asian countries.
The implication, of course, being that we Americans and Germans, and other western societies have achieved wealth through nothing more than “luck”.
As I said in the title of this post, I do feel very lucky (I actually prefer the term “blessed”) to have been born into a society that fosters personal achievement and success and not into one of the cesspools that punishes it.
But that’s as far as the luck goes. It isn’t “luck” that has resulted in the success of the western world, it is a superior economic, governmental and societal model. I’m very blessed to have been born into that superior society, but the success that free-market, democratic societies enjoy over other societal models has nothing to do with luck.
As a side-note: Saying that the US has a “disproportionate amount of the world’s rich people” is like saying that bodies of water have a disproportionate amount of the world’s fish.
OF COURSE you’re going to find a “disproportionate” amount of things in the places that make it possible for them to exist. That this would be surprising to the geniuses at CNN money says more about their biases and ideology than it does about the “distribution of the world’s wealth”.