Stories
Slash Boxes
Comments

SoylentNews is people

Only 1% of World's Population Grabbed 82% of all 2017 Wealth

posted by martyb on Saturday January 27 2018, @12:43PM   Printer-friendly
from the I-got-mine!-And-Yours.-And-Yours.-Annnnnd-yours,-too. dept.

canopic jug writes:

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.

Original Submission

 
This discussion has been archived.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
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 0) by Anonymous Coward on Saturday January 27 2018, @06:44PM (2 children)

    by Anonymous Coward on Saturday January 27 2018, @06:44PM (#629031)

    I keep looking for this mythical person advocating the US go full communist. I have yet to see a single instance of it.

    More likely you are using that as a red herring so you can advance your own ideology. When asked for more specifics down the thread you fall to pieces. Go fuck yourself you intellectually bankrupt asshole. Oh, you could also just be an idiot conflating a variety of concepts together with no regard for the actual facts.

  • (Score: 2) by Reziac on Saturday January 27 2018, @07:49PM

    by Reziac (2489) on Saturday January 27 2018, @07:49PM (#629076) Homepage

    First bunch I came to:

    http://www.createdebate.com/debate/show/Should_the_United_States_become_a_communist_country [createdebate.com]

    --
    And there is no Alkibiades to come back and save us from ourselves.

  • (Score: 1, Informative) by Anonymous Coward on Sunday January 28 2018, @12:45AM

    by Anonymous Coward on Sunday January 28 2018, @12:45AM (#629246)

    Among the folks here, I'm closest to the mark.

    I don't think that USAians will be ready for full-on revolution until a significant number of them get a taste of collective ownership via Democracy in the workplace.[1] [democracyatwork.info]
    I advocate for Socialist worker-owned cooperatives, consumer co-ops, and credit unions to get that awareness going.

    [1] Smaller downloads here; descriptions are typically better at the link above [kpfa.org]

    .
    advocating the US go full communist

    That would be the Revolutionary Communist Party, USA. [google.com]

    Pacifica Radio presenter Michael Slate is a member.
    He gets 1 hour a week on air. Webcasts archived [kpfk.org]

    -- OriginalOwner_ [soylentnews.org]