So, no, wealth does not create poverty, it changes it progressively. Michael Parenti is demonstrating analytical flaws. Wealth has no intrinsic negative impact on poverty. Rather, it depends on structural factors that widen the wealth gap such that under these conditions, wealth seems to be the culprit. read more
The distribution of wealth may be worse than you suggest. The 8 richest billionaires control as much wealth as 50% of the world's population (according to Oxfam). With 8.3 7.3 billion people (and rising) it is difficult to work out what an equal share of wealth would be, and it would be even more difficult to work out the means by which the world's resources could be evenly distributed. read more
My 25c : Wealth does not exactly create poverty. Power might do. But Greed IS good as a driving force, The possibility to explore and exploit other parts of the world was a driving force behind the technical revolution starting off in the 17th century norhern Europe. read more