More Evidence: Global Wealth Inequality Grows More Quickly Due to “Unfair System”
- By : JanssenReportHost
- Category : Global Economy
Today on The Janssen Report (#83): new Oxfam study (released yesterday) shows how the rigged system favors the few at the expense of the rest of the world. Solutions are suggested, but I feel personal education and taking ACTION to become self-reliant is the best option for everyone of us.
A book by Joseph E. Stiglitz, reviewed in the New York Times of August 8 2014, also shows how inequality is promoted from unfair ground principles favoring the elite. It is not uncontrollable technological and social change that has produced a two-tier society, Stiglitz argues, but the exercise of political power by moneyed interests over legislative and regulatory processes. “While there may be underlying economic forces at play,” he writes, “politics have shaped the market, and shaped it in ways that advantage the top at the expense of the rest.” But politics, he insists, is subject to change.
I personally feel that individuals have a right to be wealthier than others if they work harder or are just smarter (this is true capitalism), but not if they play the game unfairly. That’s what we may call “criminality”. It is like saying: “Everybody should play by the rules except me”. That’s against the principles of human rights.
In November I will be releasing a subscription-based training program that will help those of you who are interested in taking action to shield themselves from the negative consequences of the rigged system that we are in. Stay put!
Watch this episode of The Janssen Report here:
Sources:
– Oxfam Study “Even It Up: Time To End Extreme Inequality”
– The Guardian about the Oxfam study
– Bloomberg article on the rich’s hidden wealth
– The New York Times book review of Joseph E. Stiglitz’s book “The Price of Inequality”
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Cheers!
Marco Janssen