My Twitter Feed

October 21, 2017

Archives:

14 Year Old Child Bride Facing Death Penalty for Murdering Husband -

Saturday, November 29, 2014

BREAKING: New Coal Disaster In West Virginia -

Tuesday, February 11, 2014

U.S. Hostage Freed by Colombia’s FARC Rebels (Video) -

Monday, October 28, 2013

Here’s Why The Zimmerman Verdict Matters -

Sunday, July 14, 2013

BREAKING! UK Government Spied On Allies At TWO G20 Summits (Video) -

Sunday, June 16, 2013

Swiss Support Tougher Asylum Legislation as Refugee Numbers Spike -

Monday, June 10, 2013

American Woman Killed in Syria Fighting for Terrorists, Syrian TV Claims (Video) -

Friday, May 31, 2013

CO2 in the Air Reached its Highest Level in Human History -

Friday, May 10, 2013

Terms of the New Abortion Bill Agreed by Irish Cabinet -

Wednesday, May 1, 2013

Boston In Lockdown As Manhunt Intensifies -

Friday, April 19, 2013

2 Dead, Dozens Injured After Boston Marathon Bombing -

Monday, April 15, 2013

Fast Food Workers in New York Stage Surprise Strike -

Saturday, April 6, 2013

N. Korean Rhetoric Provokes Missile Shield Deployment -

Wednesday, April 3, 2013

Eyewitness Accounts from Meiktila Massacre -

Wednesday, April 3, 2013

Sudan to Free All Political Prisoners -

Monday, April 1, 2013

A New Free Press In Burma Juxtaposed With Genocide: The World Will Be Watching -

Friday, March 29, 2013

Pressure Builds to End Ethnic Violence in Myanmar -

Friday, March 29, 2013

Activists Demand Action As Further Genocide Looms -

Tuesday, March 26, 2013

Cyprus Reaches Last-Minute Bailout Deal With EU -

Monday, March 25, 2013

Myanmar Muslims Brace for Possible Genocide -

Sunday, March 24, 2013

Extreme Inequality Becoming a Global Danger

According to the most recent Oxfam* report published on January 18, 2013, the world’s 100 richest people earned a $240 billion in 2012, an amount that is enough to end extreme poverty worldwide four times over.

The report underlines the causes and effects of extreme inequality and explains how it can be economically inefficient, politically corrosive, socially divisive, environmentally destructive and unethical.

The report states that rapidly growing extreme wealth and inequality are harmful to human progress because consolidation of so much wealth and capital in few hands depresses demand; meaning fewer people can afford more things. If the earnings were more evenly spread across the population then more people would have spending power to drive growth and drive down inequality.

Inequality of wealth also causes a politically corrosive government system where money power can be used to corrupt political process and on lobbying politicians to purchase democratic decision making.

Extreme wealth and inequality stunt social mobility. Receiving quality education and ability to break the cycle of poverty becomes more difficult as the social steps to upward mobility become a luxury for many. When social support systems –education, healthcare, childcare…etc- that can propel the poor into middle class become privatized to be purchased for a high price, inequality widens, because the poor cannot afford them.

The report estimates that the 1% has been using as much as 10,000 times more carbon than the average US citizen.  When natural assets such as land and water are monopolized by the few, it creates scarcity that cannot continue if we are to have a sustainable future.

The report was released to coincide with the holding of the World Economic Forum in Davos this week.

Inequality does not have to be inevitable the report surmises, but it does not explain how the malfeasance of extreme wealth can be curbed under Neoliberal economies that endorse unlimited growth, low or no taxation, lower wages and unregulated financial systems.

*Oxfam is an international confederation of 17 organizations working in approximately 90 countries worldwide to find solutions to poverty and related injustice.

Photo Credit: Oxfam Ethiopia

Emine Dilek (194 Posts)

Publisher/Managing Editor: Progressive Press. Contributing Editor: WVoN-Women's Views on News. Columnist: Palm Beach Woman Magazine. Former executive producer and radio host: WVR -Women's Voice Radio, Human Rights/Peace Activist, Aspiring Author/ Journalist/ Poet/ Blogger. Emine also appears as a revolving guest on PNN radio show -international political analyst-, and had been a guest on Liberal Fix and Brian Hammer Jackson Show. Her articles have been published in various publications such as The Vibe UK, The New Agenda, W.E.A Women @ Work, Amazing Women Rock and ICAHK.