Capitalism is becoming more and more inequitable as the rich become richer and the poor become poorer. 'The wealthiest 1% will soon own more than the rest of the world's population, according to a study by charity group Oxfam. The charity's research shows that the share of the world's wealth owned by the richest 1% increased from 44% in 2009 to 48% last year.' (BBC News, 19 January) , On current trends Oxfam says it expects the wealthiest 1% to own more than 50% of the world's wealth by 2016. RD
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
Subscribe to:
Post Comments (Atom)
-
Paternalism is a common attitude among well-meaning social reformers. Stemming from the root pater, or father, paternalism implies a patria...
No comments:
Post a Comment