WHAT THE ACTUAL?
Greece is in turmoil. The economy is in tatters. Successive governments fail to satisfy the need for a national independent policy.
And yet people seem to ignore all that. It's business as usual. The tavernas, the kafeneios, the shops are as full as ever. Certainly there is a section of the population which is suffering, as they always have. Blame our capitalist system for that. So I've thought about this and I searched left right and centre in the hope of finding something to explain this oxymoron. Eventually I came across some statistics that shed light to my question. I am listing them here without comment and I hope you come to the same conclusion as I have:Some explanatory notes are necessary.
Wealth is the total sum value of monetary assets and valuable material possessions owned by an individual, minus private debt, at a set point in time.
Wealth is influenced by real estate prices, equity market prices, exchange rates, liabilities, debts, adult percentage of the population, human resources, natural resources and capital and technological advancements, which may create new assets or render others worthless in the future.
Mean net financial assets per capita by country. Countries are categorised as HWC (high wealth countries), MWC (medium wealth countries) or LWC (low wealth countries).
Median is the value separating the higher half from the lower half of a data sample. is the central value of a discrete set of numbers.
Mean is the central value of a discrete set of numbers.
World distribution of wealth is the statistical data that describes how wealth is distributed around the world.
All values from Wikipedia.
Median and mean wealth per adult- 2019 values
And in position 18 within Europe.
List of countries by gross financial wealth per adult
Apologies for the exclamation marks.
Radom1967 - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=73781618
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