Robert Reich: Davos Is The Source of All Our Ills
Last edited Fri Jan 24, 2020, 04:44 AM - Edit history (1)
'Robert Reich: Davos Is The Source Of All Our Ills,' Truthdig, Jan. 22, 2020.
As the Senate debates Donald Trumps future, chief executives, financiers and politicians have assembled in Davos, Switzerland, for their annual self-congratulatory defense of global capitalism. The events are not unrelated. Trump is charged with abusing his power. Capitalisms global elite is under assault for abusing its power as well: fueling inequality, fostering corruption and doing squat about climate change.
Chief executives of the largest global corporations are raking in more money and at a larger multiple of their workers pay than at any time in history. The worlds leading financiers are pocketing even more. The 26 richest people on Earth now own as much as the 3.8 billion who form the poorer half of the planets population. Concentrated wealth on this scale invites corruption. Across the world, big money is buying off politicians to procure favors that further enlarge the wealth of those at the top, while siphoning off resources from everyone else.
Corruption makes it impossible to fight stagnant wages, climate change or any other problem facing the vast majority of the worlds population that would require some sacrifice by the rich. Popular anger is boiling over against elites seen as irredeemably greedy, corrupt and indifferent to the plight of most people struggling to get by. The anger has fueled uprisings in Chile, Spain, Ecuador, Lebanon, Egypt and Bolivia; environmental protests in the U.K., Germany, Austria, France and New Zealand, and xenophobic politics in the U.S., the U.K., Brazil and Hungary.
Trumps support comes largely from Americas working class whose wages havent risen in decades, whose jobs are less secure than ever and whose political voice has been drowned out by big money. Although Trump has given corporations and Wall Street everything theyve wanted and nothing has trickled down to his supporters, he has convinced those supporters hes on their side by channeling their rage on to foreigners, immigrants, minorities and deep state bureaucrats...
Read More, https://www.truthdig.com/articles/robert-reich-davos-is-the-source-of-all-our-ills/
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DanieRains
(4,619 posts)Big Money Buys Politicians Worldwide.
And they don't pay anything to help the planet. Oh, yes, maybe a crumb here, and a penny there while they literally buy countries.
The 1% has 150 trillion in wealth.
Suck on it suckers!!!
Duppers
(28,120 posts)in "Blowout," her new book.
Rachel Maddow pinpoints the root of all evils: The fossil fuel industry
The fossil fuel industry has warped democracies, poisoned people, fostered corruption and ruined the environment, writes Rachel Maddow.
Her new book, Blowout, takes on the fossil fuel industry or, as one person she cites puts it, the excrement of the devil. This is not and who would expect it from Maddow? an on the one hand, on the other hand type of journalistic endeavor. She states her thesis at the outset: The oil and gas industry is the most consequential, the most lucrative, the most powerful, and the least-well-governed major industry in the history of mankind.
...The industry is so rich, so ginormous, so intertwined with every aspect of our lives and the lives of everyone on Earth that, if you follow the dots, it explains how almost everything in the world works ultimately, she warns, it will fatally injure the whole freaking planet.
https://www.washingtonpost.com/outlook/the-root-of-all-evils-the-fossil-fuel-industry-says-rachel-maddow/2019/10/03/14273cd6-de1a-11e9-8dc8-498eabc129a0_story.html
Rachel said on her program that this was not the book she intended to write when she began investigating this administration's connections to Russia. She began to realize it was about oil, that "all roads led to the oil" and gas, as she put it.
So, how can we ever utilize alternative energy sources when we so obsessed with oil and fossil fuels? It's almost like a religion - the PTB cannot see the light and move on.
appalachiablue
(41,131 posts)for how much longer