Crisis? What crisis? A bit of perspective, please

February 6, 2009

207million

Here are a couple of interesting calculations. The US is debating whether to hand over another $700 billion (let’s get those zeros right, we’re talking about $700,000,000,000) to the banks. Forget the $500 billion they’ve already handed over. The world is inhabited by 6,700,000,000 people, give or take a few million born while I’m writing this. Divide the US banks’ $700 billion by the number of inhabitants and you get about $104 million per inhabitant. That’s perspective.

So let’s do the same for Spain (you can do your own maths for whatever ‘developed’ country you like if you have the figures). The population of Spain at the end of 2008 was 46,063,511. The amount of money Zapatero is handing over to the banks so far is €30,000,000,000. Divide the money among the inhabitants (we wish!) and you get €652,000,000 per inhabitant. That’s perspective, and enough to pay a mortgage or two. It would be handy to all those thrown out of their jobs by greedy companies taking advantage of the Crisis (yes, it has to be in caps).

Better not even try doing any of these figures for the banking executives’ bonuses, it would be too depressing…

(c) Alexander Bewick 2009

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: