Poorest half of world’s population means that the middle-class is steadily vanishing
As long as money exists, collusion of interests will continue to exist. All good for wealth concentration.
Money of the rich is being funneled via their "foundations" and goes back to them in a full loop. This too is impossible to fix as long as money exists. All good to buy people opinions and keep power in place.
Money spent on social programs keep corporation profits afloat, and should they be ended, corporations would collapse overnight. All good for manipulating politicians drafting laws in favor of the rich/corporations.
But even much worse, at the bottom of the structure, there is widespread economic slavery, people working for a few bucks a day, most corporations relocated where labor is extremely cheap.
This conjecture also destroys the middle class as poverty slowly move into the upper levels of the system. All good to divert the attention: as long as people struggle to make ends meet, they are manipulable.
Of course now we have to trust the rich/corporations/political classes that UBI - universal basic income - is the ultimate fix that will patch social inequality. Really?
As for crypto-currencies, we should hold our breath. With 78% of Americans going from paycheck to paycheck, only the upper class and the rich own most of them already.
A money-free society is the only way out!
'The bottom half of adults in the world collectively own less than the richest one percent, according to a Credit Suisse report. The gap between the super-rich and the poor has significantly grown since the global crisis. The wealthiest one percent owned 42.5 percent of global wealth in 2008, the bank reports. "The downward trend reversed after 2008 and the share of the top one percent has been on an upward path ever since, passing the 2000 level in 2013 and achieving new peaks every year thereafter. According to our latest estimates, the top one percent own 50.1 percent of all household wealth in the world,” the report said. "Global wealth inequality has certainly been high and rising in the post-crisis period,” according to the bank. While the bottom half of adults collectively own less than one percent of total wealth, the richest ten percent owns 88 percent of global assets.' Read More: Richest 1% have more money than poorest half of world’s population
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