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The Beginning of Infinity (2011), physicist David Deutsch defines a person’s wealth as ‘the repertoire of physical transformations one is capable of causing’. Owning a car contributes to your wealth, for example, as it enables you to transform petrol into useful motion. Owning a great new idea, on the other hand, allows you to transform the world in previously unimagined ways, and perhaps make yourself rich in the process.
How much total economic wealth is there in the world? In their 2023 Global Wealth Report, Credit Suisse estimates the figure at around $454.4 trillion USD. The United States holds the greatest share of around 31% ($140 trillion). The US has the second-highest mean (average) wealth per adult ($551,350) after Switzerland, but only the 13th highest median wealth ($107,740). This is because the US has a relatively large number of very rich people, which skews its mean wealth upwards.
This makes the US a prime candidate country for having more than ‘enough’ resources to share around. After all, if all its wealth were to be distributed equally, every adult could have $551,350 in their bank accounts
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