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.
(Score: 2) by The Mighty Buzzard on Saturday January 27 2018, @06:03PM (3 children)
Agreed. I'm as yet unsure how things should be approached in the current era. It's necessary to keep in mind though that corporate censorship of speech would be a significant factor as well though.
Why? They've not necessarily done anything immoral to warrant slapping a muzzle on them. Individual cases will of course vary.
I agree with the whole "the needs of the many outweigh the needs of the one" as a personal philosophy. I disagree strongly with it as a matter of civic policy though. Down that road are things like killing those indians over there because they're on some land we want to for the good of the US. Ask around a prison, it's not that far a stretch from theft to murder. Or just read up on any communist regime, paying particular attention to the death tolls that were necessary "for the greater good".
My rights don't end where your fear begins.
(Score: 5, Insightful) by Gaaark on Saturday January 27 2018, @06:25PM (1 child)
Agreed.
That's one reason to keep big money out of politics: better chance for individuals and groups who are a minority/poor/whatHaveYou to have a voice..... why we need better governance than 'we' currently have.
Damn.... James T. Kirk for President! :)
--Paid for by the James T. Kirk for President and getting lots of green female action Committee
--- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---
(Score: 2) by The Mighty Buzzard on Saturday January 27 2018, @07:24PM
+1 Insightful for gratuitous Kirk inclusion.
My rights don't end where your fear begins.
(Score: 2) by acid andy on Saturday January 27 2018, @08:20PM
That's why a good ethical system should place a very high weighting on avoiding the intentional creation of significant harm. Harm is being inflicted on a small group of people to increase the wellbeing and comfort of another.
Perhaps someone might argue that people were otherwise dying in the US, so we probably need a clause that people should just never be murdered or, more realistically, people should only be killed if they are already the aggressor in a kill-or-be-killed situation.
A separate point is that its an example of meddling with someone else's already established society when they had previously had zero involvement in yours.
Master of the science of the art of the science of art.