A recent report endorsed by the economist Joseph Stiglitz warned that the world is facing an ‘inequality emergency’, as an overwhelming share of new wealth goes to those who are already the richest. The economic chasm between them and everyone else will deepen with over $70 trillion passed down to their heirs over the next decade.
But what’s new? We already knew that a tiny proportion of the population owned the vast majority of wealth. The percentages make little difference to most of us whose only resource is the energy we sell to an employer. And that will continue until we vote to bring in a completely new kind of society based on production for need rather than profit.
https://www.worldsocialism.org/spgb/
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