Monday, June 27, 2016

Same old same

The World Wealth Report from Oxfam, Greenpeace, and other groups found that while the total number of millionaires in the world jumped to 15.4 million—up by nearly 5 million since 2009—more than 702 million people remain in poverty around the globe.

For every person with more than $30 million, there are over 4800 people living in extreme poverty.

Jenny Ricks of the Fight Inequality Alliance explained, "This gross inequality is a symptom of an unjust and unfair economic system that allows the rich to get richer at the expense of the poor." Ricks continued, "Last year the wealth of the richest totalled $58.7 trillion, which is over 150 times the size of the economies of all of the world’s poorest countries combined. This shows the extent money and power are concentrated in the hands of the wealthiest few."

Global HNWI [High Net Worth Individual] wealth expanded fourfold over the last 20 years to reach US$58.7 trillion in 2015. Global HNWI wealth is projected to surpass US$100 trillion by 2025.


Whinge, whine, moan, complain, hold up a protest placard, write to your political representative, vote for reform party X. But if you really, truly want change, you have to stop looking for it in the current, capitalist economic system. People should have woken up to this fact by now.

The World Wealth Report from Oxfam, Greenpeace, and other groups found that while the total number of millionaires in the world jumped to 15.4 million—up by nearly 5 million since 2009—more than 702 million people remain in poverty around the globe.

For every person with more than $30 million, there are over 4800 people living in extreme poverty.

Jenny Ricks of the Fight Inequality Alliance explained, "This gross inequality is a symptom of an unjust and unfair economic system that allows the rich to get richer at the expense of the poor." Ricks continued, "Last year the wealth of the richest totalled $58.7 trillion, which is over 150 times the size of the economies of all of the world’s poorest countries combined. This shows the extent money and power are concentrated in the hands of the wealthiest few."

Global HNWI [High Net Worth Individual] wealth expanded fourfold over the last 20 years to reach US$58.7 trillion in 2015. Global HNWI wealth is projected to surpass US$100 trillion by 2025.

Whinge, whine, moan, complain, hold up a protest placard, write your political representative, vote for reform party X. But if you really, truly want change, you have to stop looking for it in the current, capitalist economic system. People should have woken up to this fact by now.


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