Richest 1% will own more than all the rest by 2016
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Re: Richest 1% will own more than all the rest by 2016
#2If you simply conflate "richest" with "most powerful", this is already the case, and has been for most of human history. It's unclear why we should care about monetary wealth specifically more than other dimensions of power.
Re: Richest 1% will own more than all the rest by 2016
#3Yet poverty as a whole is decreasing according to numerous measures.
Plus their report contradicts the world bank observations: http://ourworldindata.org/VisualHistoryOf/Poverty.html#/Glob...
Which is not surprising since Oxfam has a clear political agenda.
EDIT: world bank poverty report, clearly showing the decreasing poverty rates globally: http://www.worldbank.org/content/dam/Worldbank/gmr/gmr2014/G...
Re: Richest 1% will own more than all the rest by 2016
#4If you simply conflate "richest" with "most powerful", this is already the case, and has been for most of human history. It's unclear why we should care about monetary wealth specifically more than other dimensions of power.
Probably because it's very easy to measure, and correlates with other dimensions through well known adjustments like Purchasing Power.
Re: Richest 1% will own more than all the rest by 2016
#5If you simply conflate "richest" with "most powerful", this is already the case, and has been for most of human history. It's unclear why we should care about monetary wealth specifically more than other dimensions of power.
Money and assets are more easily measured, taken, and transferred.
Re: Richest 1% will own more than all the rest by 2016
#6Yet poverty as a whole is decreasing according to numerous measures. Plus their report contradicts the world bank observations: http://ourworldindata.org/VisualHistoryOf/Poverty.html#/Glob... Which is not surprising since Oxfam has a clear political agenda. EDIT: world bank poverty report, clearly showing the decreasing poverty rates globally: http://www.worldbank.org/content/dam/Worldbank/gmr/gmr2014/G...
"Absolute" poverty, yes.
Re: Richest 1% will own more than all the rest by 2016
#7https://www.youtube.com/watch?v=pdR7WW3XR9c&feature=youtu.be...
Rising inequality on its own is not a problem.
Re: Richest 1% will own more than all the rest by 2016
#8If you simply conflate "richest" with "most powerful", this is already the case, and has been for most of human history. It's unclear why we should care about monetary wealth specifically more than other dimensions of power.
It's easily measurable and since everything pretty much correlates with everything else when it comes to complicated systems like the world economy putting in some corrective feedback is a worthwhile effort. As it is I think things are stuck in a positive feedback loop (rich getting richer) and that's not healthy from either social or systems perspective.
Re: Richest 1% will own more than all the rest by 2016
#9Massive income inequality hurts economic growth. Why? The rich don't spend (much of) their money, they hoard it.
Re: Richest 1% will own more than all the rest by 2016
#10https://www.youtube.com/watch?v=pdR7WW3XR9c&feature=youtu.be... Rising inequality on its own is not a problem.
It is a problem if only because of the huge power differential it creates and the segregation it leads to. It doesn't result in healthy societies.