Am I part of the The 3%?

The thought that I am part of the 3% makes me slightly nauseous. Indulge me for a second, while I give it my best shot to make sense of this. There are a few different understandings of what the 3% is. There is a random group of US patriots who are part of the 3%ers Club who refuse to comply with laws that violate the second amendment right or these guys. I am not them. Well I cant be given my nationality and my un-desire to bear arms.

Given that this blog is the Gospel according to Me, here is my version of the 3%:

I am part of an International MBA programme in one of the top Business Schools in Europe, and, as much as that is extremely inspirational, there is one main barrier of entry that pushes me into a % group (let’s not assign an amount to the % just yet). The price; €60 000. To put this in a way that anyone’s stomach can understand:

I can buy X number of BigMac meals in these countries:

South Africa……………………. 18 000 (50 per day)

India……………………………. 41 350

Norway………………………… 8 600

Japan………………………….. 9 570

Uruguay………………………. 16 420

China…………………………. 24 010

Australia……………………… 15 580

Other than the fact that all this talk about McDee’s makes me slightly nauseous, the price tag for this 1 year academic program that gives me access to ‘alot’, is worth blogging about. It also means that in order for someone to have access to €60k, you need to have access to:

  • public transport and basic social services (flushing toilets, running water, electricity)
  • private/elite education
  • internet access (which is deemed a basic human right)
  • collateral, surety and/or a guarantor (for €60 000)

As you go down the list, the number of people who have access to the 4 above-mentioned ‘basics’, the number of people across the world starts to decrease exponentially, to a final 5% of the global population. Let’s, conservatively, further chunk that down to 3% of people who get into and can afford an MBA programme.

Also, the same 3% who are now part of the system, have equal and easy access to the companies who pay the top salaries, possibly also 3% of all the companies in the world. In order to get into this elite, private, expensive international higher education programme, I have to be part of the top 3% of the global population AND being part of this 3% gives me access to the top 3% of companies in the world. In its extremities, if I have easy access to this 3% (born into a wealthy family in the Western World), I have easy access to do an MBA, I get easy access into a well-paid amazing job, almost by default.

If, I am not, I am extremely not. and the cycle continues. This kind of explains why 1% of the world, owns 90%. It is a really cool system if you are part of the 5%. If you are part of the 95%, with varying degrees, it can be the reason the social construct that you are part of, limits you to grow wealthily.

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