• Charles Kenny from Centre for Global Development contextualises the structural shift in global wealth by highlighting that the economy of California is currently bigger than the entire global economy in 1870 despite having only 0.5% of the world’s population.
• Nearly two-thirds of wealth is now generated through human capital (or intangibles), capital goods account for just over one quarter and the rest natural capital (e.g. land, oil). In contrast to the latter two, human capital is not zero sum and it is more valuable with wider use.
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