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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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It's raisins that make Post Raisin Bran so raisiny ...
(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.