The ‘global majority’ is rewriting the rules of diplomacy – and the West’s monopoly on power is over
In economics and sociology, there’s a well-known observation called the Pareto Principle. Named after the Franco-Italian thinker Vilfredo Pareto, it is often summarized as the “80/20 rule” : 20 percent of efforts yield 80 percent of results, while the remaining 80 percent of efforts account for just 20 percent. Over time, this idea inspired Western “elite theory,” a convenient justification for why every society contains an active minority that dominates a passive majority – why 20 percent of the population holds 80 percent of the wealth.
Today…
Read the full article at RT.COM
