Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people slip back into abject poverty.
This is known as “bad luck.”
This is what is just beginning to happen in the U.S., as this administration persecutes the wealthy businessmen who create jobs, punishing them for their success with (EPA and other) rules and regulations, and threatening them with higher taxes. Right now, they are sitting on their resources (to some extent) while they wait to see what Obama will do next, and if he will get re-elected.
When they’ve had enough of this treatment, they will either just quit, or they will go somewhere else; and take those jobs with them. Watch what happens, if Obama gets re-elected.
Also reference Ayn Rand’s “Atlas Shrugged”, which is a prophetic novel about this very thing.