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polly7

(20,582 posts)
Sat Jan 24, 2015, 12:34 PM Jan 2015

Global economic disorder fuels forces of division

By Vijay Prashad
Source: al-Araby
January 24, 2015

As the world’s wealthy and their intellectuals gather at Davos, Switzerland, for the World Economic Forum, the economic news from international agencies seems bleak

Dramatically, Oxfam shows that the wealth of the richest eighty people doubled between 2009 and 2014, and now equals the total wealth of the bottom half of the world’s population.


Escape

The elites at Davos have no answers to these problems. Oxfam’s report presents a nine-point plan to exit the crisis.

Make governments work for citizens and tackle extreme inequality.

Promote women’s economic equality and women’s rights.
Share the tax burden fairly to level the playing field.
Close international tax loopholes and fill holes in tax governance.
Achieve universal free public services by 2020.
Change the global system for research and development and pricing of medicines so that everyone has access to appropriate and affordable medicines.
Implement a universal social protection floor.
Target development finance at reducing inequality and poverty, and strengthening the compact between citizens and their government.
This Oxfam list emerges firmly out of a social democratic tradition. It calls for the use of the hoarded social wealth to be used for social gain. These gains would produce a society that is not only happier but also with increased purchasing power – the impetus for a more socially oriented growth trajectory.


While this list is humane and even necessary, the social forces able to seriously push for this list are few. Oxfam’s report contains an important section on the lobbying efforts of the rich to maintain the current policies. Money buys political influence and prevents any reasonable discussion on inequality and joblessness. It is far easier to sequester the social wealth, stand aghast when social unrest intensifies, and then use armed forces to sow ferment in the already devastated lives of the world’s people.

Full article: https://zcomm.org/znetarticle/global-economic-disorder-fuels-forces-of-division/


http://www.globaljustice.org.uk/dangerous-delusions
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Global economic disorder fuels forces of division (Original Post) polly7 Jan 2015 OP
There is a simpler solution to the disrupting influence of the excessively wealthy fasttense Jan 2015 #1
You're right, but I can't see those who are making billions from it allowing it. nt. polly7 Jan 2015 #2
And yet there are millions more of us than of them. fasttense Jan 2015 #3
 

fasttense

(17,301 posts)
1. There is a simpler solution to the disrupting influence of the excessively wealthy
Sat Jan 24, 2015, 01:59 PM
Jan 2015

It's get rid of capitalism. Time to evolve out of such a rigged system into a democratic economic system.

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