Sunday, 26 February 2017

Morbid Inequality: Now Just SIX Men Have as Much Wealth as Half the World's Population @alternet

Morbid Inequality: Now Just SIX Men Have as Much Wealth as Half the World's Population @alternet: The world's total wealth is about $256 trillion, and in just one year the richest 10% drained nearly $4 trillion away from the rest of civilization.
Morbid Inequality: Now Just SIX Men Have as Much Wealth as Half the World's Population

"That's worth a second look. The world's total wealth is about $256 trillion, and in JUST ONE YEAR the richest 10% drained nearly $4 trillion away from the rest of civilization."
And
".... the National Review refer to "a growing upper-middle class" of people earning over $100,000 a year, they're inadvertently offering an explanation for the demise of the middle class: Some are moving up, way up; many others are dropping to the lower-middle-class or below. The once sizable and stable middle of America is splitting into two."
We always knew it, may be not so accurate, that capitalism breeds unemployment & poverty, despite rise of wealth astronomically. It creates hunger & famine, despite grains rotting in godowns. Ignorance & superstition rise inspite of science rising to a great height. War & terrorism is byproduct of capitalist mode of production. Child abuse & women becoming commodity is part of the 'need' of capital to grow, without which it will demise, and there is no other way than sucking lifeline of the wealth producers!
So what? In 1920s US apologists of capitalism claimed that they have generated enough wealth & now poverty will be eliminated! They are generating enough wars, one almost every year to capture world market and natural resources, in addition to terrorism; insatiable greed of more & more!
Still the philistines are against making private property social, they feel their 'democracy' will be abolished; cannot be more superstitious idea that this as they have neither private property nor any freedom!
Solution? If you have read upto this point, find out one, but be sure, please do not think of reform in present, which has seen more than 1000s of deaths of reformist idea & programme, as they are meant to serve the present social, economic, political order, like Social Democrats, 21 Century Socialism, Partyless Socialism, Anarchism, etc! 

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