Think you’re rich? Well, can you buy a country? According to the CIA Fact book and Forbes Magazine,
“Bill Gates, America’s richest man with a net worth of $50 billion, has a personal balance sheet larger than the gross domestic product (GDP) of 140 countries, including Costa Rica, El Salvador, Bolivia and Uruguay”.
It is a funny thing, isn’t it? Well recently in the news, it is said that Apple’s cash could bail out Greece for the next two year.
“Apple’s 116 per cent profit growth helped push its total cash to $97.6 billion–enough to cover Greece’s debt payments due in the next two years, according to data compiled by Bloomberg”.
Ultimately, what this is saying is that…money can buy democracies. This may well happen in the very near future. Are they still called democracies if they are operated by a multinational company, with economic interests that may be clearly biased? What do you think?
More articles:
http://www.luxurylaunches.com/celebrities/are_you_rich_enough_to_buy_a_country.php
http://www.montrealgazette.com/technology/Apple+cash+could+bail+Greece/6055193/story.html
One reply on “What if money can buy democracy? Oh, wait….it does.”
Money + Democracy is an unavoidable fact even in the most ‘advanced’ of democracies. The US: Super PACs.