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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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(Score: 2) by JoeMerchant on Saturday January 27 2018, @08:58PM (2 children)
There is no pure capitalist system on earth, just as there is no pure communist system on earth - these are only labels, both ideals are implemented somewhere in the middle.
One major factor that addresses corruption for any system is transparency - and that's something that Scandinavia seems to be leading the world in, we should strive to beat them in that area. Transparency exposes illegality, injustice, corruption and waste, until these thing are exposed they will not be addressed or corrected.
Україна досі не є частиною Росії Слава Україні🌻 https://news.stanford.edu/2023/02/17/will-russia-ukraine-war-end
(Score: 1, Informative) by Anonymous Coward on Sunday January 28 2018, @01:03AM (1 child)
The big thing they have there is effective labor unions, going back over a century.
When recovering from The Roaring Twenties and The Great Depression which followed that, IWW and other unions as well as The Communist Party of the United States were instrumental in getting system reforms in USA.
In northern Europe, The Working Class didn't allow their gains to be neutered by Reactionaries as happened with the Taft-Hartley Act of 1947 and subsequent state and federal legislation in USA.
The lesson is to stay informed and keep your guard up.
Reactionaries never give up; when you defeat them, they always regroup and try again.
-- OriginalOwner_ [soylentnews.org]
(Score: 1) by khallow on Sunday January 28 2018, @12:38PM
The US did quite well by the Taft-Hartley act. The US government shouldn't be interfering in that way in labor-employer disputes.