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posted by
martyb
on Saturday January 27 2018, @12:43PM
from the I-got-mine!-And-Yours.-And-Yours.-Annnnnd-yours,-too. dept.
from the I-got-mine!-And-Yours.-And-Yours.-Annnnnd-yours,-too. dept.
The 1% grabbed 82% of all wealth created in 2017
More than $8 of every $10 of wealth created last year went to the richest 1%.
That's according to a new report from Oxfam International, which estimates that the bottom 50% of the world's population saw no increase in wealth.
Oxfam says the trend shows that the global economy is skewed in favor of the rich, rewarding wealth instead of work.
"The billionaire boom is not a sign of a thriving economy but a symptom of a failing economic system," said Winnie Byanyima, executive director of Oxfam International.
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Only 1% of World's Population Grabbed 82% of all 2017 Wealth
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Grelb's Reminder:
Eighty percent of all people consider themselves to be above
average drivers.
(Score: 2) by RS3 on Saturday January 27 2018, @03:15PM (12 children)
What then?
(Score: 3, Insightful) by The Mighty Buzzard on Saturday January 27 2018, @03:37PM (6 children)
How about just attempting to get back on the path? It's got one hell of a proven track record as opposed to anything else.
My rights don't end where your fear begins.
(Score: 1) by fustakrakich on Saturday January 27 2018, @04:11PM (5 children)
Can you give us a time when we were "on path"? And it might not hurt if you defined "path".
La politica e i criminali sono la stessa cosa..
(Score: 3, Insightful) by The Mighty Buzzard on Saturday January 27 2018, @04:52PM (4 children)
PATH="lacking the things I agreed put us off of the path"
We've never been perfectly on-path. No nation ever will. We've been a whole hell of a lot closer than we currently are though. Perfection is not the goal; improvement is.
My rights don't end where your fear begins.
(Score: 1) by fustakrakich on Saturday January 27 2018, @05:20PM (2 children)
PATH="lacking the things I agreed put us off of the path"
:-) Cool
We've been a whole hell of a lot closer than we currently are though.
Ok. Give me a time. please... The suspense is killing me
La politica e i criminali sono la stessa cosa..
(Score: 2) by The Mighty Buzzard on Saturday January 27 2018, @06:40PM (1 child)
Depends on which bit you're talking about.
For lack of corruption and anti-trust issues? You only have to look back as far as the 20th century.
For fewer/weaker government granted monopolies you have to go back farther. Patents and copyright alone went insane in the 20th.
It goes in ebbs and swells but achieving something better than we have now is not a herculean task.
My rights don't end where your fear begins.
(Score: 1) by fustakrakich on Saturday January 27 2018, @10:32PM
Ok, so now you again bumped into my old contention, better for whom? Sure it's easy to say some people were better off in the *old days*. But your implication is that the whole country was better off. What time period would you want to live?
La politica e i criminali sono la stessa cosa..
(Score: 2) by acid andy on Saturday January 27 2018, @08:50PM
I bet taxes and social benefits were a bit higher than they are now when we were a bit more "on the path".
Hint: the above conditions absolutely do not equate to "a system that has proven its unfitness every single time it's been attempted".
If a cat has kittens, does a rat have rittens, a bat bittens and a mat mittens?
(Score: 4, Insightful) by Anonymous Coward on Saturday January 27 2018, @03:48PM (3 children)
The system will crash under its own weight because these big fish will always reach for something just a bit too far out of their grasp. That is not the worst of it though, like previous instances in history, the excesses of the tsars for example. will help breed totalitarianism like the leninist interpretation of the marxist myth of communism. To be fair though marx 'did' have some valid criticism of the crony capitalism of his day. a type of capitalism that these wealthy people LOVE and that we are on the path of remaking. his solutions were pretty bad though.
These people will come in and claim to have a one size fits all cure, the people tired, frustrated and angry will seize upon it.
A properly running capitalist based, because the version that was laid down in the wealth of nations is similar to the fairy tail marx lays out in his solution, just at the opposite spectrum. Is one where it's easy to be poor, but very hard to be wealthy and stay that way. If the blood of a capitalist system is money. Then the way it is now is similar to a person about to have a heart attack due to a clogging artery, an aneurysm due to the pooling of blood in a blood vessel in the brain, and deep vein thrombosis due to the pooling of even more blood in the legs.
(Score: 2) by The Mighty Buzzard on Saturday January 27 2018, @03:52PM (2 children)
Outstanding first paragraph. The second one is hard to read though.
My rights don't end where your fear begins.
(Score: 3, Informative) by fustakrakich on Saturday January 27 2018, @04:19PM (1 child)
He's saying blood money should be more evenly distributed throughout the system to avoid gangrene. The analogy works.
La politica e i criminali sono la stessa cosa..
(Score: 2) by The Mighty Buzzard on Saturday January 27 2018, @04:53PM
Quite witty. Cheers.
My rights don't end where your fear begins.
(Score: 1) by khallow on Saturday January 27 2018, @05:22PM