I
face a never ending barrage of attacks on commerce based on the thesis
that commerce has created a world with a great disparity of wealth.
In an earlier blog I concluded from hard data that: "For
any nation that has industrial commerce, every million people in the
workforce will have a 34% chance of producing no billionaires, a 34%
chance of producing one billionaire, 22% chance of having two
billionaires, 8% chance of three billionaires and 4% chance of 4 or
more billionaires." This is a Poisson distribution.
For any country to have wealth, other than just oil production, which invariably goes to the ruling class, the country must be fairly large and have an active commercial workforce.
Poverty is the consequence of a country that is too small and that doesn't have a commercial workforce.
Don't blame commerce. Face reality and live with it.