While attending the World Economic Forum in Davos, Switzerland last week to discuss global development and poverty, Microsoft chairman Bill Gates claimed that foreign aid from wealthy nations and philanthropy were successfully alleviating global poverty and inequality. According to Gates, “The poor have in fact been doing quite well and people really should feel good about their generosity.” He went on to note, “This is very good news, it means equity in the world is closer than we think.” But is this in fact true? Are foreign aid and philanthropy proving to be as successful as Gates claims? Or are they helping to promote a narrative that seeks to gloss over the brutal realities of global capitalism? Continue reading
Tag Archives: inequality
What are we waiting for? How long are we going to sit idly by and watch the political warmongers deploy their drones, their warships, their stealth bombers, their missiles, our sons and daughters, and ultimately, their nuclear weapons against the most impoverished peoples of the world? How long are we going to ignore the corporate warmongers as they wield their magic profit wands that fill their wallets and bellies to overflowing while millions of children perish from hunger and preventable diseases? How long are we going to accept the unjust inequality of the 1% pocketing a grossly disproportionate amount of the wealth generated by the toil of the 99%? How long are we going to passively accept the suicidal insanity of raping and plundering our planet’s finite resources to the point that none of us will be able to survive? Let the Revolution begin!
A new report on inequality in the United States reveals that the richest one percent of the nation’s income earners saw their income increase by 11.6 percent during 2009 and 2010, which accounted for 93 percent of the national growth in income for that time period. While those two years are considered to represent the early stages of an economic recovery following the recession of 2008, the fact that the bottom 99 percent of income earners only saw their incomes increase by 0.2 percent makes evident that the recession is still ongoing for many Americans. These numbers also highlight the structural inequality that is inherent in capitalism.