What a complete and utter crock of ****, we remain the fourth biggest economy in the world, we have the world's 22nd highest per capita income(Brazil are 75th) and there is no imminent danger of shanty towns popping up(not unless you count Stoke). In rapidly growing markets, there's always a massive gap between the top and the bottom, it's happening now in China, India and Brazil, exactly as it happened here during the industrial revolution. Over time the wealth spreads and if you think that things here are really that bad, then you've obviously never been to Brazil, India or China.