Poor Karl Marx; he must be tossing and turning in his grave.The evidence is showing once again that capitalism works, and the rising global tide of free-market capitalism bears this out as ships are being raised all across the world.
According to a new report, the number of people globally with more than $1 million in net assets rose 6.5 percent last year to almost 9 million.
In South Korea, the number of millionaires jumped over 21 percent; India was up almost 20 percent, and Russia, up over 17 percent.
South Africa, Indonesia, Hong Kong, Saudi Arabia, Singapore, the United Arab Emirates and Brazil all posted robust double-digit increases. China grew almost 7 percent.
Capitalism works. It is on the move across the globe. This is a very good thing.
