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Quoting the Crisis
07/02/2012
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(
Source:
abaldwin360
)
During the past 30 years, a growing share of the global economic pie has been taken by the world’s wealthiest people. In the UK and the US, the share of national income going to the top 1% has doubled, setting workforces adrift from economic progress. Today, the world’s 1,200 billionaires hold economic firepower that is equivalent to a third of the size of the American economy.
It is this concentration of income – at levels not seen since the 1920s – that is the real cause of the present crisis.
„Why economic inequality leads to collapse (via abaldwin360)
(via jonathan-cunningham)
