"The richest 1 per cent of Americans owned about 21 per cent of all wealth in 2000. Some European nations have higher concentrations than that. In Sweden -- despite that nation's egalitarian reputation -- the figure is 21 per cent, exactly the same as for the Americans. And if we take account of the massive moving of wealth offshore and off-book permitted by Sweden's tax authorities, the richest 1 per cent of Swedes are proportionately twice as well off as their American peers."  Peter Baldwin, author of The Narcissism of Minor Differences, in Prospect Magazine.(Read Full Post)