The global economic disparity holds billions of people in economic slavery.

I believe that our national and global economic problems are a direct result of the increasing economic disparity between the nations of the world. In the past we have failed in our aid programs to actually establish a means for the people to work and increase their level of prosperity. The average Gross Domestic Product per Capita of the more industrialized nations has grown to the point that it is more that twenty times that of the struggling economies. This disparity in income has created major international shifts in the employment base which are imposing incredible financial burdens on the industrialized countries that are limiting their economic growth.

It all started in the 1940’s when the economic conditions in the very poor economies worldwide began to fall behind and could not keep pace when the economies of the industrializing nations began to expand rapidly for the first time. This created a condition of economic disparity between nations that has become the driving force causing the global economic crisis and our unemployment.

The economic disparity that began seventy years ago has continued to increase.  Today over two billion individuals are trying to survive on less $2.00/day. Of these two billion, one-half, one billion men, women and children try to live on less than $1.00/day. There is another group of people, over two billion, who are also economically enslaved, trapped in economic and political systems that allow them to work but prevents them from enjoying the benefits of Participatory Economics. Is it possible for you to imagine over two billion people living in abject poverty now in the Twenty-first Century when there is so much money languishing because of a lack of investment opportunities?  This creates a great opportunity to begin the process of reducing economic disparity. Those holding the languishing capital have the opportunity to increase employment and create new opportunities both abroad and domestically by encouraging banks to make home loans in emerging economies.

 Participatory Economics define an economy where the people are free to invest in their own economy because they possess protected, private property rights. Even in some countries that permit some form of Participatory Democracy there is little if any Participatory Economics. Our experience here in American has proven that when people have the ability to participate in their own economy as investors it is  possible for the people to become prosperous. The remaining population of approximately two billion people on this earth live in luxury by comparison to the over four billion that are living in poverty. According to the World Institute for Development Economics Research at United Nations University, 1% of all adults account for 85% of the worlds assets. This increasing disparity is what is creating the stress between nations and the unstable global economy. These problems can not be solved without recognizing and understanding what we have allowed to happen to our economy and how it is now interdependent with the global economy.