Friday, December 13, 2024

The divide grows wider


‘The twelve richest people in the US now have a combined worth of over $2 trillion (inequality.org, 3 December); that’s a 2 followed by twelve zeroes. The newest member of this exclusive club is Jensen Huang, boss of the software company Nvidia, whose wealth is now $122bn, over twenty times what it was four years ago.

This is at a time when there are over 36 million people in the US living in poverty by the official definition, including nearly ten million children. Over 650,000 are homeless, a figure that has increased for each of the last six years.

That’s capitalism for you: unbelievable wealth for a very few, varying degrees of poverty for many.’


https://www.worldsocialism.org/spgb/

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