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A lot of the mainstream media is today running with the updated rich list. The BBC are presenting almost like a league table if you read their story. I think the implication is that we are supposed to be pleased that some of the British lads seem to be doing so well. I think we are also supposed to be pleased in general that...
In 2009 332 names left the list after a tough year, but the total number of billionaires on this year's list rose from 793 to 1,011, Forbes said.
Well that is fine then.
The cheekiness comes from the insertion of the old trickle-down economics arguments (my italics)...
In a sign that the global economy could be improving, the average net worth of the world's billionaires is now $3.5bn, up $500m from last year.
There is of course no suggestion that some of these absurd amounts of money could be creating new billionaires off the back of job losses, people being underpaid and/or overworked, asset stripped and any number of other reasons - all this money appears to have come from nowhere.
Maybe you should go out and buy a bottle of champagne to celebrate all of this. If you can afford it that is.
Here is a link to a film I made a while ago in relation to the banking crisis(1:08)"
