Capitalistas - Direcção Oriente

By: James Petras - dissidentvoice.org
Date: 21-03-2007

While the number of the world’s billionaires grew from 793 in 2006 to
946 this year, major mass uprisings became commonplace occurrences in
China and India. In India, which has the highest number of billionaires
(36) in Asia with total wealth of $191 billion USD, Prime Minister
Singh declared that the greatest single threat to ‘India’s security’
were the Maoist led guerrilla armies and mass movements in the poorest
parts of the country. In China, with 20 billionaires with $29.4 billion
USD net worth, the new rulers, confronting nearly a hundred thousand
reported riots and protests, have increased the number of armed special
anti-riot militia a hundred fold, and increased spending for the rural
poor by $10 billion USD in the hopes of lessening the monstrous class
inequalities and heading off a mass upheaval.
The total wealth of this global ruling class grew 35% year to year
topping $3.5 trillion USD, while income levels for the lower 55% of the
world’s six-billion-strong population declined or stagnated. . . Given the enormous
class and income disparities in Russia, Latin
America and China (20 Chinese billionaires have a net worth of $29.4
billion USD in less than ten years), it is more accurate to describe
these countries as ‘surging billionaires’ rather than ‘emerging
markets’ because it is not the ‘free market’ but the political power of
the billionaires that dictates policy.