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Monday, 22 July 2013
Richest 300 persons on Earth have more money than poorest 3 billion
S.O.T.T: There is an increasing wealth gap of immense proportions in the United States. For decades, the nation's assets have grown more and more concentrated in the hands of a few, while the rest of the nation makes do with the crumbs. This skewed economic distribution within the US is reflective of an even worse economic disparity in the world in general. The post-colonial era has actually accelerated economic injustice on a worldwide basis. What's done in the name of helping the world's poor (by the World Bank and the International Monetary Fund) is often really only a process of capturing markets too weak to fight back and indebting them to the masters of wealth without recourse. This has become abundantly clear in the World Bank's policies of "structural adjustment" for the developing world, which might be best phrased as "you pay us the interest on our loans and impose austerity on yourselves. It will be good for you." ... read more>>>...