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Richest 1% on target to own two-thirds of all wealth by 2030
| An alarming projection produced by the House of Commons library suggests that if trends seen since the 2008 financial crash were to continue, then the top 1% will hold 64% of the world’s wealth by 2030. Even taking the financial crash into account, and measuring their assets over a longer period, they would still hold more than half of all wealth.
| Since 2008, the wealth of the richest 1% has been growing at an average of 6% a year – much faster than the 3% growth in wealth of the remaining 99% of the world’s population. Should that continue, the top 1% would hold wealth equating to $305tn (£216.5tn) – up from $140tn today.
| Analysts suggest wealth has become concentrated at the top because of recent income inequality, higher rates of saving among the wealthy, and the accumulation of assets. The wealthy also invested a large amount of equity in businesses, stocks and other financial assets, which have handed them disproportionate benefits.
| New polling by Opinium suggests that voters perceive a major problem with the influence exerted by the very wealthy. Asked to select a group that would have the most power in 2030, most (34%) said the super-rich, while 28% opted for national governments. In a sign of falling levels of trust, those surveyed said they feared the consequences of wealth inequality would be rising levels of corruption (41%) or the “super-rich enjoying unfair influence on government policy” (43%).
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https://www.theguardian.com/business/2018/apr/07/global-inequality-tipping-point-2030
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| I'd say that's still unrealistic. More than likely the trends will deepen and it'll be a 0.1% of an even richer elite holding onto such quantities. It might get to the point where governments or people have to take actions against corporations if they begin threatening the common lives of people.
Deus Ex predicted this shit.
| >>233192
You mean like the Oxfam Study in 2012? 8 people have the same amount of wealth of 50% of humanity.
https://www.oxfam.org/en/pressroom/pressreleases/2017-01-16/just-8-men-own-same-wealth-half-world
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Eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity, according to a new report published by Oxfam today to mark the annual meeting of political and business leaders in Davos.
| xfam’s report, ‘An economy for the 99 percent’, shows that the gap between rich and poor is far greater than had been feared. It details how big business and the super-rich are fuelling the inequality crisis by dodging taxes, driving down wages and using their power to influence politics. It calls for a fundamental change in the way we manage our economies so that they work for all people, and not just a fortunate few.
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| >>233229 Yeah. Like each decade newer and richer people are appearing. Microsoft's wealth is now nothing compared to what Facebook, Google and Amazon are doing and I'm sure someone else will come to accumulate even more wealth.
>we might be seeing the Statue of Liberty under a terrorist attack at this point
>and the real reasons behind it will be interests of corporations
>Deus Ex is happening
What a time to be alive.
| Start with implementing progressive tax. Or stop complaining and return to your workpost, drone.
|
| Just end capitalism. Let anarchy rain. Take their brioche and season it with the blue blood of the unsympathetic tyrants.
| Cyberpunk...
| I live in second world country commieblock, work at a useless factory job and still earn more than 6 billion other people on this planet just doing 7/5 routine. Calm your butts down, middle class liberal kiddies. The poor people have nothing to lose because they don't produce anything valuable anyways.
| Inequality is all relative. People always complain about this inequality meme here in America. But everyone here has a much better life than 90% of the world. Just because gets to fly hundreds of hookers to his mansion with a private jet doesn't mean your life sucks. Or more importantly doesn't mean you deserve it
| >>235300 see, this is what I don't get about the American capitalist swine, you shame the lower class because they don't live in mudhuts and dismiss any sign of poverty because of that, if we were living in Africa you wouldn't be rich either dumbass, there's no class struggle there because there's no class. You might make it in the six digits where you live but you're nowhere as rich as those at the top, you'll end up in the streets too when it goes down.
I'm not American.
| >>235300 we could be living in Africa but we're not. The class struggle is real and you choose to ignore it. The future isn't pretty, and the longer we shame ourselves for not living in mudhuts the more likely we WILL end up in mudhuts later in life.
| >>235390
Except I won't end up in a mud hut because my ancestors and I managed to build complex civilizations with things like running water and the concept of democracy. They can take my wealth, sure, but that doesn't mean I revert to animal-tier lifestyle like in Africa.
| >>235421 fucking retard
Ever heard of greece? They invented democracy, not you degenerate 'mericans.
Just look at it, how the bourgeois socdems sold out to the IMF. Now 65% of youth is unemployed, while more and more people live on the streets. No way to get food. No way to do anything.
And you fucking entitled bitch think they will spare you? Move up to the bourgeois class or stop being such a bootlicker. When shit goes down you won't be spared.
| You will suffer like your fellow man. Automation and AI will kill even most advanced jobs. You are either on our side or on theirs. And when shit goes down there are 2 possibilities. We, the people get to power.
Or we will all live in fucking mudhuts without water. Look at the fucking US right now, there are parts of it where they don't have drinkable tab water. The so called american dream was a lie. The american dream was the dream of the bourgeois. You need to wake up.
| ｗａｋｅ ｕｐ
艶レび
| >>235421 Oh you have no idea how easy it is to revert humans back to true animals. You have no idea at all.
| >>235483
Edgy
>>235442
You mean all the useless cruft that has built up under the welfare state will finally be forced to comply with the rules of nature? What a shame. Surely I with my white saviour complex should risk my life for those poor negroes, god knows they won't do a thing for themselves.
| This is a fucking serious issue, nobody should have way too much power, cuz is corrisive and corruptive, and will end badly, but the hardest part is not the issue itself, but it's to talk about it, you say that there are problems with the social chasm we are living now, that the rich are getting on with shady bussiness tax dodging while the poor pay everything and receieve less than it should, the right will call you commie, and left will suggest communism,I don't know who is worse
| The left usually goes all revolutionary teenageist, suggest flawed systems ignoring facts, like that was real communism and failed really badly. The right ignores the climate issues, talking like climate change is a chinese conspiracy bullshit and act like the poor is fucking poor, like they chose it or are lazy, and look the other way when the richt dodge taxes, but when the poor does something slighty similar they are fucked. Whatever the case or we act like adults or we r fucked
| >>235680 because what you just explained is the marxist notion. (and different people had different ideas on how to implement communism. On the way many communists died. Maybe don't read about Stalin but about other peoples Ideas. Maybe even about Ideas of people who got killed by Stalin)
Liberals n Right Wingers have a different world view. They believe a strong capitalist class is healthy for the society.
| >>235690 Many communist countries ended up the same way, so I don't buy this many flavors communism. And we should be discussing numbers and approaches by their on merits.
| It's nice to see people still caring about this issue. Yes we should discuss this, but i strongly dislike discussions where you start of with only a given few possible solutions. Like we can only go full capitalist or full communist. Let's just throw away those terms cause there are way too many wrong meanings associated with them. We have to reason with our own thoughts and our own words. I just wanted to get this out.
| Personally i think we have to make a global change. Changing the system of a single country will only end up with this country getting eaten up by other countries. The road to success nowadays is sadly exploitation.
| >>235872
>The road to success nowadays is sadly exploitation.
And it wasn't at any other point in time? Not success even, sheer survival.
>Wind blows, rain falls and the strong prey upon the weak."
| >>235888
Adult people everywhere exploit, fuck over and deceive each over every day just to filch a little bit of money, just to survive. It was the same, and it will be the same.
| >>235888
You better should pray that your environment does not change in a way, that your current strenght turn out as the new weakness.
I'm sure you did not understand the real Darwin at all. In fact it's mostly about collaboration and adaptability.
| >>235687
Communism did not fail as there never existed. There were (and are) only estate-monopolistic capitalisms that tried (and try) to arrange with the global capitalist hegemony.
Socialists/Communists Internationalism still is the best solution to the crisis of globalized capitalism, which only can survive by nationalist/racist/religious fundamentalists lies again. It's about time to stop this mad circle of death and destruction.
Freedom or Capitalism, Humanism or Barbarianism!
| >>235998 See? this is the exact kind of bullshit I was talking about. All of countries that tried this, they had the same principle in mind and ended in the same result, dictatorship with death and misery to the people and, easy going life for the leaders of the party, so this is sort of a pratical communism. I find it so funny that they say that wasn't true communism, is like *let's try it for real this time* *epic fail* *that wasn't true communism,let's try it for real this time
| https://m.youtube.com/watch?v=HXBjVau1w7Y
| >>235998
>>236031
That's exactly the reason why i hate those terms communism, capitalism and all this stuff. You are leading a fucking pointless discussion, instead of talking about ideas with your own words. If you both are so fucking smart then you surely have read karl marx, as he, correct me if i'm wrong, came up with the word communism. Well i didn't, so i just stfu about it and so should you
| >>236095 So according to your logic people shouldn't speak words that they didn't come up with, well are guess that there are tons of forbidden words. We should all creat or own words and terms for stuff, this will be fun.
| >>236095 Karl Marx was not the first to exclusively talk about such a system or idea. By your words all people would have to read up on everything without giving an opinion. A deeper critique does require knowledge but no one should be forbidden from using terms, especially as it helps understand how people see the meaning behind said terms.
| >>236193 no, you are exaggerating things. Communism is just a very complex word. There are more than enough words out there already, so why invent new ones? I don't get why you are so obsessed with only a couple of expertise words, which barely anyone really understands and most misunderstand. It only leads to confusion.
| >>236218 well of course you can talk about it but i don't really see a point in talking about it. All those discussions are ending with the question what communism really is. One is saying china is communism, the other one is saying there never were any communism. Yeah cool now what?? What have we achieved now?
| For you the terms Communism or Capitalism doesn't have any meaning. You don't believe in political ideology, or philosophy. You believe 'I think therefore I am, and I don't need no more'.
But you don't realize that we don life in a post ideological World. We all eat from the trashcan of ideology.
Your cynical and sublime view on the world is as much ideology as everyone else tho.
>>4521b2 >>155b51
|
You haven't really occupied yourself with learning about thing outside of your limited school knowledge. You believe most people are allot more stupid than you, so why should you read about their Ideas? And it hasn't work so why would I care about it? You realize that there is something wrong with capitalism. But you have swallowed the Zeitgeist like a pill, without even realizing. 'Capitalism is shit, of course, but its the best we have.
| We got everything from it, all the inventions, it didn't kill anyone, its not so bad to be honest'. But have you ever researched your claims? Inventions aren't made but big capital, but by governments and small enterprises. And those will then be bought up by big corporations.
Or just look at how many people died from people who wanted to implement capitalism, Shah (Iran), Pinochet (Chile). Now I'm not even talking about on how many people die daily through the profit motive.
| Instead of using or labour to give everyone at least drinkable tab-water we juggle around numbers in wallstreet. I know, wallstreet, real productive work. But hey it creates profit, and profit creates more and more powerful people who then again can create more profit. So why change anything?
'Why change anything at all when people have already failed?' - you
When people in feudal time would have been like you, we would still live in feudalism.
| But hey, we did long enough through people like you.
'I have the same Ideas as Marx, but why should I read him to learn some new things when other people did and those people failed' - I dont know brah, maybe so you could finally stop being such a bootlicker and fight on our side instead of theirs. Because your cynical worldview (ideology) is basically the Zeitgeist, which also reinforces our system.
| So if you want to change things, stop being such a cuck who doesn't want to use words like capitalism or communism, and start being a chad who also reads books outside of your school.
| You see apart from the angey rethoric full of ad hominems and free offenses, I wholeheartly dissagree the "everything" is an ideology view,you are trying to make the field even by throwing everything down in to the realm of ideology, instead of evaluating the power of ideas by their value. Ideology is a closed package of ideas,if some are rotten, ideologues won't throw it away. Instead of getting our ideas from packages we should evaluate one by one by their own merit,mister Zizek.
| >>236973 I would like to inform you that I disagree with most everything you said. It is a very long fluffed up speech truly political campaign grade.
It is good you remain in your high castle. Or you risk dissatisfaction of the masses by not having enough skin surface which people would only be happy to detach from your flesh while you're looking at it.
| >>237062 yes exactly that's what i was trying to say. Once in my life i feel like someone finally understood me
| >>236095
You want ideas? Well here are a few:
1. Democratice the big global operating companys and banks.
2. transform private monopols and oligopols into public property
3. regionalize and democratize estate but also strenghten public, democratic international institutions
4. strenght trade unions and customer lobby
5. stop this "mental property" bullshit. There is no such a thing like "mental property", there never was and there never will be. It's an abnomination of law.
| >>237693
and last but not least:
6. use information technology to make it efficient.
They already tried it in the 70s in chile:
https://en.wikipedia.org/wiki/Project_Cybersyn
Guess what happned there:
The leader of the "free, democratic and capitalist world", the USA fucked up Chile because people elected "the wrong president/government". Freedom bombers, freedom torture and freedom rape for everyone. Thats the true face of capitalism.
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| And in the year 207X, big corporations will have more power than governments.
| >>239244
What the fuck does it have to do with "jewish"? "Jews" did neither invent nor licenced occupation, nationalism or religious fundamentalism exclusively. I totally disagree with the current israeli government, but i also don't like the assholes that rule in palestine, arab countries and assholes. I also disagree on most goverments in the EU, Russia, China, Japan, Australia... Everywhere in the world are the same kind of assholes in power and just a few of them are "jews".
| >>239050 quit watching too many movies. Civil wars and complete chaos would occur long before any corporation has anything remotely comparable to government power.
| >>240046
No government representants always were and still are whores to the big capital owners since capital existed due to industrial revolution. Dictatorship are the worst of this but my hope that democracy stand a chance against capitalists interest decreases from day to day. Humanity is threatened by world war three, which is like the last two basically class war where the global rich class wins by dividing the mid class and poor with nationalist, religous and racist lies.
| Lets step up our game boys, we can all climb to the top 20% at least
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| The world’s richest 1% are on course to control as much as two-thirds of the world’s wealth by 2030, according to a shocking analysis that has lead to a cross-party call for action.
World leaders are being warned that the continued accumulation of wealth at the top will fuel growing distrust and anger over the coming decade unless action is taken to restore the balance.