SoylentNews is people
SoylentNews
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.
This discussion has been archived.
No new comments can be posted.
Only 1% of World's Population Grabbed 82% of all 2017 Wealth
|
Log In/Create an Account
| Top
| 261 comments
| Search Discussion
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
It's not reality that's important, but how you perceive things.
(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?