“Behind every great fortune, there is a crime.” A quote I read somewhere and I would let you, the reader, interpret it. Though do note that the kind of fortune here is the one that drives people crazy for not knowing what to do in life anymore. If you somehow – most probably unethically – get there, make sure you look up to Bill Gates as a role model trying to grant the poor access to sustainable energy. Or do as Warren Buffet who, along with Bill Gates, is planning to solve world hunger by the year 2025. Here also note that the former is leaving in his will no more than $10 million per son/daughter and the latter is donating 99% to charity with 1% of his wealth inherited by his only daughter upon death. Why?
Can people make money if they sell to the rich? Maybe. Can people be among the richest in the world if they do so? I don’t think so. For example, Bill Gates came up with a product that he could sell to millions of people, and still does, based on two concepts of ‘mass production and ‘mass selling’ utilizing the concept of ‘economies of scale’. The equation isn’t hard after all, if you want to sell a product; make sure that the poor manufacture it to sell it back to them and others in bulk quantities. If you look at the top ten billionaires list; you will find at least three of Indian origins who did well in their markets and a number one Mexican who made his wealth providing TV services in a highly populated Latin America.
In India, Unilever makes small bottles of shampoo that is enough for one time use. Even cigarettes are sold one by one to make sure that everyone would care for a smoke, ignoring the unethical side of it. The margins are low compared to those of luxury products sold to the rich normally, but billions are only made when products are sold to millions. Right now, services provided through call centers got outsourced to countries like India to save costs on pay per hour as well as on costs associated with software and systems development. Goods are also manufactured in Brazil, India, China, and other highly populated countries for products to be sold in them and to the rest of the world. The iPhone, for instance, says proudly on its back: “Designed by Apple in California Assembled in China.”
It’s a funny world we live in. We take advantage of the poor to make products that we sell mostly to them, retaining by that part of our own costs to increase our margins. We then exploit them even further by selling the more expensive products with labor costs at minimum to whatever classes distributed between them and the people owning the manufacturing companies. So;
I want to you to think about the following questions: did you read about a bail out of a candy manufacturing company? How did TATA get to the financial position that enabled it to buy Range Rover? How did Fiat buy Chrysler? Why is China looked at as “The White Knight” by countries in the EU expected to invest trillions in bail outs? And finally, would your economies flourish and thrive without us?
From the poor with love.