Hamish McRae: Tectonic plates of the world economy shift
http://news.independent.co.uk/business/comment/article324370.ece
Published: 03 November 2005
The rich are getting richer - not just here in Britain but throughout
the English-speaking world. And they are getting richer not just in
absolute terms, which you would expect, but also relative to other
people.
This is a well-known phenomenon, and is reflected in the business
world: the growth of private banking for "high net worth" individuals,
the growth of luxury industries and of expensive services. We are very
aware of this because we see the advertisements every day: expensive
houses in Dubai, yachts in Monaco, safari holidays in Botswana.
Hamish McRae
http://groups.google.com/group/alt.atheism/msg/bf21bae206f2e7b1
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