Wealth gap widens between super rich and rest

Discussion in 'Politics' started by D_Cleon W Ballbreath IV, Feb 2, 2011.

  1. D_Cleon W Ballbreath IV

    Joined:
    Apr 8, 2007
    Messages:
    79
    Likes Received:
    0
  2. bisexualjock

    bisexualjock Member

    Joined:
    Sep 9, 2010
    Messages:
    100
    Likes Received:
    0
    Gender:
    Male
    That's interesting. Tell that to the Hundreds of millions of new middle-class Indians and Chinese who can now afford cars instead of bicycles.

    The "article" is actually from Newsnight, which is much more of an opinion/editorial format than "hard news".
     
  3. sargon20

    Gold Member

    Joined:
    Mar 14, 2006
    Messages:
    11,388
    Likes Received:
    2,129
    Gender:
    Male
    Location:
    Atlantis
    The gap has been growing for a long time regardless how many 'hundreds of millions of middle class' Indians and Chinese there are. The slice of the pie going to the mega-rich grows in spite of the recession.

    Income Gap Is Widening, Data Shows
     
  4. Hung_Patrick

    Hung_Patrick New Member

    Joined:
    Feb 6, 2011
    Messages:
    11
    Albums:
    1
    Likes Received:
    6
    Gender:
    Male
    Location:
    UK
    Yeah, globalisation was manna from heaven for capitalists. Rather than allowing less people around the world to live in poverty, it actually meant that their global behemoths now had more opportunities to cut production costs and maximise profits. Evil genius.
     
  5. B_VinylBoy

    B_VinylBoy New Member

    Joined:
    Nov 30, 2007
    Messages:
    10,516
    Likes Received:
    7
    Gender:
    Male
    Location:
    Boston, MA / New York, NY
    The idea that companies were making money in other countries, or globalization, has been with us for several decades. That alone is not the problem. The fact that we have no real way to financially regulate what corporations do when they go global is. Staunch capitalists will always cry "socialism" and all those other mindless buzzwords when people try to apply federal limitations pertaining to how much one can exploit the resources of one country with no regards to exploiting the financial benefits of operating in another. But as our world embraces the idea of a global economy, some form of superintendence needs to be reached before everyone goes bankrupt.
     
  6. houtx48

    Gold Member

    Joined:
    Sep 13, 2006
    Messages:
    7,095
    Likes Received:
    35
    Gender:
    Male
    There has only been a strong middleclass in the United States late from the 1940's early 1950's post world war 2 economy, 60 years is not long time. Sometimes it feels as though there are certain political parties in this country that would like the demise of that section of the population.
     
Draft saved Draft deleted