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Wealth inequality stands at its highest since the turn of the 20th century - the so-called 'Gilded Age' - as the proportion of capital held by the world's 1,542 dollar billionaires swells yet higher. The report, undertaken by Swiss banking giant UBS and UK accounting company PwC, discusses the roles technology and globalization play in the status quo, and appears two weeks after the IMF recommended that the rich should pay more tax to address the enormous disparity.
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The Official Colorado State Vegetable is now the "state legislator".
(Score: 0) by Anonymous Coward on Sunday October 29 2017, @06:04PM (1 child)
What's the magic fix that'll bring several billion people quickly to developed world status?
Disobedience. Our own submissiveness/subservience is the only thing stopping us. It is the direct cause of all our poverty. The prison is our own making. And the truth is that we can turn on a dime if we want to [youtube.com]. So, yes, we can do it quickly.
(Score: 1) by khallow on Sunday October 29 2017, @06:40PM
No, it's the sheer incompetence. Let us keep in mind that people can already vote for leaders that reflect their interests throughout most of the world. They can spend less than they earn. The combination of the two is a usual way to empower people.
So we're to expect that these many incompetent people will rebel in a way that quickly makes things better? I think that's nonsense. Maybe after the years of inevitable power struggles and betrayals of principle, a Napoleonic strong man will emerge to tell the masses where to go. Or maybe it'll be Pol Pot. Interesting times.