This marks the fifth day that I am stuck behind China’s Great Firewall. It feels like I’m at a social media rehab. You know what China doesn’t care to block? MySpace.
Chief Advisor, China Banking Regulatory Commission via Inside Job (2010)
The 24-fold increase in global GDP over the course of the last century isn’t driven by population growth. It is growing consumption per person that is the problem. And that, of course, is not the fault of Africans.
The poorest 650 million people on the planet live on about 1% of the income of the richest 650 million. Each year, we add 1% or more to the incomes of those richest people - GDP per capita growth rates in wealthy countries are at least that high. And that 1% growth has the same impact on global consumption as would doubling the number of people living on the income of that bottom 650 million of the world’s population.
From More People, Please by Charles Kenny