Yes, capitalism is working ... for the Forbes 1,000 Global Billionaires whose ranks swelled from 322 in 2000 to 1,426 recently. Billionaires control the vast majority of the world’s wealth, while the income of American workers stagnated.
For the rest of the world, capitalism is not working: A billion live on less than two dollars a day. With global population exploding to 10 billion by 2050, that inequality gap will grow, fueling revolutions, wars, adding more billionaires and more folks surviving on two bucks a day...
Wednesday, May 01, 2013
The Failures Of Capitalism
Capitalism is killing our morals, our future - MarketWatch:
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2 comments:
a billion won't buy what it used to.
i'm not losing any sleep over 2050.
Me neither.
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