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Today is International Day for Eradication of Poverty
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By *appyPandaMan 33 weeks ago
Kilkenny and Waterford |
Especially when you think about how nearly half of the world's wealth is owned by 1% of the population, and that percentage is increasing year by year as this system of immaterial money and wealth disconnected from reality gets more and more absurd.
This is not to say if we simply share that wealth around, all our problems will be fixed, but it's one of the underlying factors at play especially as the countries in the global South are falling behind due to neocolonialism where their economies are heavily pushed into focusing on global north interests instead of addressing the needs of their own people.
They can even be sued through the Investor state arbitration systems such as the ICSID of the world bank if they bring in policies that would affect the interests of multinational firms and capital too much. |
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By (user no longer on site) 33 weeks ago
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"Especially when you think about how nearly half of the world's wealth is owned by 1% of the population, and that percentage is increasing year by year as this system of immaterial money and wealth disconnected from reality gets more and more absurd.
This is not to say if we simply share that wealth around, all our problems will be fixed, but it's one of the underlying factors at play especially as the countries in the global South are falling behind due to neocolonialism where their economies are heavily pushed into focusing on global north interests instead of addressing the needs of their own people.
They can even be sued through the Investor state arbitration systems such as the ICSID of the world bank if they bring in policies that would affect the interests of multinational firms and capital too much."
Yep, global economics is sick |
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By *appyPandaMan 33 weeks ago
Kilkenny and Waterford |
"Especially when you think about how nearly half of the world's wealth is owned by 1% of the population, and that percentage is increasing year by year as this system of immaterial money and wealth disconnected from reality gets more and more absurd.
This is not to say if we simply share that wealth around, all our problems will be fixed, but it's one of the underlying factors at play especially as the countries in the global South are falling behind due to neocolonialism where their economies are heavily pushed into focusing on global north interests instead of addressing the needs of their own people.
They can even be sued through the Investor state arbitration systems such as the ICSID of the world bank if they bring in policies that would affect the interests of multinational firms and capital too much.
Yep, global economics is sick "
And it's hard not to see it as a big shared delusion that only has power because we believe it as power. I also deeply suspect one of our issues is that we can't simply fathom how large these numbers are.
To count to 1 million non stop, it would take over 11 days.
To count to 1 billion, it would take over 33 years.
To count to 1 trillion, it would take around 30,000 years.
Like if you were born at the year 0 and were getting paid €20,000 a day every day for 2025 years, you wouldn't even be in the top 100 richest people alive today. It's just utter fantasy
This is not to say these numbers don't exist, but when our financial systems are set up to focus mostly on these huge immaterial numbers based on excitement and speculation, they're not working based on the amounts normal people possess leading average actual wealth to decline in response
I really see us as a remarkable species that have advanced to a crazy degree, but have immersed ourself in a totally artificial world within reality we've mistaken as it, and seriously struggle to organise at this scale, totally vulnerable to different self serving hierarchies. |
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