Reading the Oxfam report on distribution of wealth worldwide made me realize that the "war on terrorism" that consists in bombing people, destroying lives and livelihoods is grotesque when
You wake up early morning go to work, come back in the evening, take care of your personal chores, sleep and then the cycle starts again.
You wait for the week end to supposedly enjoy life, but it often consists in trying to make ends meet.
It does not differ a lot whether you are that the middle or lower levels of any institution.
And if you are a dedicated worker, you are working hard to increase the income of the wealth owners.
All value added production from the combination of our work will not trickle down to us. It is gathered by thNorway, Luxembourg, Switzerland, Iceland and Denmark filled the top five places in the WEF’s inclusive development index, with Britain 21st and the US 23rd. The body that organises the Davos event said rising inequality was not an “iron law of capitalism”, but a matter of making the right policy choicese owners of the means of production. Reminds me of the pillars that gave way to Marxism. The experience of socialism failed on the political level. But the experience of capitalism did not succeed.
A year ago, 62 billionaires owned the same wealth as the poorest half of the global population. Today the world’s eight richest billionaires control the same wealth between them as the poorest half of the globe’s population. It said that over the next 20 years, 500 people will hand over $2.1tn to their heirs – a sum larger than the annual GDP of India, a country with 1.3 billion people.
It is time to call to arms, the real war should be on the loss of hope resulting from grotesque warped inequalities in the distribution of wealth.
Trump, Brexit, terrorism, and the rise of national socialism are a knee jerk reaction but they are definitely not the answer.
Lets look at Norway, Luxembourg, Switzerland, Iceland and Denmark who filled the top five places in the WEF’s inclusive development index.
Yet I wonder if rising inequality is not an “iron law of capitalism”, they say it is a matter of making the right policy choices, I wonder?
https://www.theguardian.com/global-development/2017/jan/16/worlds-eight-richest-people-have-same-wealth-as-poorest-50?CMP=share_btn_gp
“While one in nine people on the planet will go to bed hungry tonight, a small handful of billionaires have so much wealth they would need several lifetimes to spend it. The fact that a super-rich elite are able to prosper at the expense of the rest of us at home and overseas shows how warped our economy has become.”Mark Goldring, chief executive of Oxfam GB, said:
“This year’s snapshot of inequality is clearer, more accurate and more shocking than ever before. It is beyond grotesque that a group of men who could easily fit in a single golf buggy own more than the poorest half of humanity."One just needs to look at the numbers to understand that globalization made it possible for the few to enslave us all.
You wake up early morning go to work, come back in the evening, take care of your personal chores, sleep and then the cycle starts again.
You wait for the week end to supposedly enjoy life, but it often consists in trying to make ends meet.
It does not differ a lot whether you are that the middle or lower levels of any institution.
And if you are a dedicated worker, you are working hard to increase the income of the wealth owners.
All value added production from the combination of our work will not trickle down to us. It is gathered by thNorway, Luxembourg, Switzerland, Iceland and Denmark filled the top five places in the WEF’s inclusive development index, with Britain 21st and the US 23rd. The body that organises the Davos event said rising inequality was not an “iron law of capitalism”, but a matter of making the right policy choicese owners of the means of production. Reminds me of the pillars that gave way to Marxism. The experience of socialism failed on the political level. But the experience of capitalism did not succeed.
"Between 1988 and 2011 the incomes of the poorest 10% increased by just $65, while the incomes of the richest 1% grew by $11,800 – 182 times as much"The trend of inequality in the distribution of income is on geometrical progression.
A year ago, 62 billionaires owned the same wealth as the poorest half of the global population. Today the world’s eight richest billionaires control the same wealth between them as the poorest half of the globe’s population. It said that over the next 20 years, 500 people will hand over $2.1tn to their heirs – a sum larger than the annual GDP of India, a country with 1.3 billion people.
It is time to call to arms, the real war should be on the loss of hope resulting from grotesque warped inequalities in the distribution of wealth.
Trump, Brexit, terrorism, and the rise of national socialism are a knee jerk reaction but they are definitely not the answer.
Lets look at Norway, Luxembourg, Switzerland, Iceland and Denmark who filled the top five places in the WEF’s inclusive development index.
Yet I wonder if rising inequality is not an “iron law of capitalism”, they say it is a matter of making the right policy choices, I wonder?
https://www.theguardian.com/global-development/2017/jan/16/worlds-eight-richest-people-have-same-wealth-as-poorest-50?CMP=share_btn_gp
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