The U.S. Department of Defense has released translations of a number of Iraqi intelligence documents dating from Saddam’s rule. One, a General Military Intelligence Directorate report from September 2002, entitled “The Emergence of Wahhabism and its…
Tag: wealth
Global Private Wealth surges by 14.6 percent in 2013 Global financial private wealth grew by 14.6 percent in 2013, according to a new report by The Boston Consulting Group. The surge, concentrated in the hands…
Global capitalism, we have a problem. We’ve long known that life isn’t fair and that the world’s wealth is unevenly distributed. But the latest factoid from Oxfam on global poverty and inequality is breathtaking. In…
The world looks different from rarified altitude of a billionaire. Especially if you’re one of the 85 richest who control more wealth than the 3.5 billion poorest. You guys already own half the…
You don’t have to be a Marxist to see how the 1% tries to fool us that we too are sharing in their renewed wealth. But it helps From President Obama on down, defenders of…
The 400 richest Americans made $200 billion in just one year. That’s equivalent to the combined total of the federal food stamp, education, and housing budgets. First of all, who are they? Mostly the 1%….
Preface: All capitalist systems have some inequality. We don’t want to prevent all inequality … just economy-wrecking levels: Lawrence Katz, a Harvard economist, adds that some inequality is necessary to create incentives in a…
BMW, Vatican, Big Banks Enjoy Ill-Gotten Gains While you might not see them on Forbes’ list of wealthy people, criminals and their beneficiaries are some of the richest people on the planet. For…
The world’s 100 richest people earned a stunning total of $240 billion in 2012 – enough money to end extreme poverty worldwide four times over, Oxfam has revealed, adding that the global economic crisis is further enriching the super-rich. “The richest 1 percent has increased its income by 60 percent in the last 20 years with the financial crisis accelerating rather than slowing the process,” while the income of the top 0.01 percent has seen even greater growth, a new Oxfam report said. For example, the luxury goods market has seen double-digit growth every year since the crisis hit, the report stated. And while the world’s 100 richest people earned $240 billion last year, people in ”extreme poverty” lived on less than $1.25 a day.
With or without Chavez, it’s institutionalized. It greatly improved the lives of most Venezuelans. It’s become part of the national culture. It won’t wane and die. It reflects Simon Bolivar’s vision. He defeated the Spanish,…