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Položky označené s: ECONOMY

Just 8 men own same wealth as half the world.



https://www.oxfam.org/en/pressroom/pressreleases/2017-01-16/just-8-men-own-same-wealth-half-world

It's like most people don't think about the consequences when they use Microsoft Windows and Apple products, when they go to Walmart, when they don't boycott companies that lack social responsibility, when they vote for corrupt politicians, etc.

Of course we also have to take into account:
· The financial/banking system (based on debt slavery, compound interests, etc).
· Patents (that is, monopolies granted by the state so corporate predators can hijack technologies that otherwise could be used to produce new cheaper products, medicines... all over the world).
· Tax havens and loopholes.
· Corporate welfare.
· Corruption, insider trading, etc.

#wealth #inequality #economy #poverty #financial #banks #banking #debt #technology #open-source #OpenSource #freesw #FOSS #Microsoft #Apple #iphone #tax-havens #corporations #corporate #momopoly #patent #patents #copyright #medicine #healthcare #consumerism #corruption #insider-trading #oxfam

Just 8 men own same wealth as half the world | Oxfam International

Eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity, according to a new report published by Oxfam today to mark the annual meeting of political and business leaders in Davos.
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skanda42 před 2 let
https://youtu.be/2B_SxGmSJP0

#noney #banksters #conflict #arms #economy

YouTube: The Essence Of The Banking Industry... (RalleyWolf)

The very essence of the banking system. To make us all slaves to debt. Those who control the debt, control everything. Check out my blog: http://0ldcore.blog...
odkaz na zdroj
skanda42 před 2 let od mobile

Just 8 men own same wealth as half the world.



https://www.oxfam.org/en/pressroom/pressreleases/2017-01-16/just-8-men-own-same-wealth-half-world

It's like most people don't think about the consequences when they use Microsoft Windows and Apple products, when they go to Walmart, when they don't boycott companies that lack social responsibility, when they vote for corrupt politicians, etc.

Of course we also have to take into account:
· The financial/banking system (based on debt slavery, compound interests, etc).
· Patents (that is, monopolies granted by the state so corporate predators can hijack technologies that otherwise could be used to produce new cheaper products, medicines... all over the world).
· Tax havens and loopholes.
· Corporate welfare.
· Corruption, insider trading, etc.

#wealth #inequality #economy #poverty #financial #banks #banking #debt #technology #open-source #OpenSource #freesw #FOSS #Microsoft #Apple #iphone #tax-havens #corporations #corporate #momopoly #patent #patents #copyright #medicine #healthcare #consumerism #corruption #insider-trading #oxfam

Just 8 men own same wealth as half the world | Oxfam International

Eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity, according to a new report published by Oxfam today to mark the annual meeting of political and business leaders in Davos.
odkaz na zdroj
Icavot před 2 let
https://youtu.be/2B_SxGmSJP0

#noney #banksters #conflict #arms #economy

YouTube: The Essence Of The Banking Industry... (RalleyWolf)

The very essence of the banking system. To make us all slaves to debt. Those who control the debt, control everything. Check out my blog: http://0ldcore.blog...
odkaz na zdroj
Anonymiss před 2 let od mobile
Obrázek/fotografie

Who’s Afraid of a Naked Emperor?



http://www.counterpunch.org/2017/01/12/whos-afraid-of-a-naked-emperor/

'The changing dynamics in the #economic #structure must accompany necessary #changes to ensure #human #rights and #integrity of the #environment for #all #life forms.
I want the #world to be #peaceful and filled with #kindness, #sharing and #caring among all of us. I think that sort of stuff should be the #guiding #principle.'

#capitalism #afraid #naked #emperor #hamada #economy
odkaz na zdroj
skanda42 před 2 let

Millennials are falling behind their boomer parents


SOUTH MILWAUKEE, Wis. - Baby Boomers: your millennial children are worse off than you.

With a median household income of $40,581, millennials earn 20 per cent less than boomers did at the same stage of life, despite being better educated, according to a new analysis of Federal Reserve data by the advocacy group Young Invincibles.

The analysis being released Friday gives concrete details about a troubling generational divide that helps to explain much of the anxiety that defined the 2016 election. Millennials have half the net worth of boomers. Their home ownership rate is lower, while their student debt is drastically higher.

The generational gap is a central dilemma for the incoming presidency of Donald Trump, who essentially pledged a return to the prosperity of post-World War II America. The analysis also hints at the issues of culture and identity that divided many voters, showing that white millennials — who still earn much more than their blacks and Latino peers — have seen their incomes plummet the most relative to boomers.

Andrea Ledesma, 28, says her parents owned a house and were raising kids by her age.

Not so for her. Ledesma graduated from college four years ago. After moving through a series of jobs, she now earns $18,000 making pizza at Classic Slice in Milwaukee, shares a two-bedroom apartment with her boyfriend and has $33,000 in student debt.

"That's not at all how life is now, that's not something that people strive for and it's not something that is even attainable, and I thought it would be at this point," Ledesma said.

Her mother Cheryl Romanowski, 55, was making about $10,000 a year at her age working at a bank without a college education. In today's dollars, that income would be equal to roughly $19,500.

Romanowski said she envies the choices that her daughter has in life, but she acknowledged that her daughter has it harder than her.

"I think the opportunities have just been fading away," she said.

The analysis of the Fed data shows the extent of the decline. It compared 25 to 34 year-olds in 2013, the most recent year available, to the same age group in 1989 after adjusting for inflation.

Education does help boost incomes. But the median college-educated millennial with student debt is only earning slightly more than a baby boomer without a degree did in 1989.

The home ownership rate for this age group dipped to 43 per cent from 46 per cent in 1989, although the rate has improved for millennials with a college degree relative to boomers.

The median net worth of millennials is $10,090, 56 per cent less than it was for boomers.

Whites still earn dramatically more than Blacks and Latinos, reflecting the legacy of discrimination for jobs, education and housing.

Yet compared to white baby boomers, some white millennials appear stuck in a pattern of downward mobility. This group has seen their median income tumble more than 21 per cent to $47,688.

Median income for black millennials has fallen just 1.4 per cent to $27,892. Latino millennials earn nearly 29 per cent more than their boomer predecessors to $30,436.

The analysis fits into a broader pattern of diminished opportunity. Research last year by economists led by Stanford University's Raj Chetty found that people born in 1950 had a 79 per cent chance of making more money than their parents. That figure steadily slipped over the past several decades, such that those born in 1980 had just a 50 per cent chance of out-earning their parents.

This decline has occurred even though younger Americans are increasingly college-educated. The proportion of 25 to 29 year-olds with a college degree has risen to 35.6 per cent in 2015 from 23.2 per cent in 1990, a report this month by the Brookings Institution noted.

The declining fortunes of millennials could impact boomers who are retired or on the cusp of retirement. Payroll taxes from millennials helps to finance the Social Security and Medicare benefits that many boomers receive — programs that Trump has said won't be subject to spending cuts. And those same boomers will need younger generations to buy their homes and invest in the financial markets to protect their own savings.

"The challenges that young adults face today could forecast the challenges that we see down the road," said Tom Allison, deputy policy and research director at Young Invincibles.

http://www.timescolonist.com/millennials-are-falling-behind-their-boomer-parents-1.7235701

#News #Politics #Millennials #Baby-boomers #Economy #Race

Millennials are falling behind their boomer parents

SOUTH MILWAUKEE, Wis. - Baby Boomers: your millennial children are worse off than you.With a median household income of $40,581, millennials earn 20 per cent less than boomers did at the same stage . . .
odkaz na zdroj
skanda42 před 2 let

Millennials are falling behind their boomer parents


SOUTH MILWAUKEE, Wis. - Baby Boomers: your millennial children are worse off than you.

With a median household income of $40,581, millennials earn 20 per cent less than boomers did at the same stage of life, despite being better educated, according to a new analysis of Federal Reserve data by the advocacy group Young Invincibles.

The analysis being released Friday gives concrete details about a troubling generational divide that helps to explain much of the anxiety that defined the 2016 election. Millennials have half the net worth of boomers. Their home ownership rate is lower, while their student debt is drastically higher.

The generational gap is a central dilemma for the incoming presidency of Donald Trump, who essentially pledged a return to the prosperity of post-World War II America. The analysis also hints at the issues of culture and identity that divided many voters, showing that white millennials — who still earn much more than their blacks and Latino peers — have seen their incomes plummet the most relative to boomers.

Andrea Ledesma, 28, says her parents owned a house and were raising kids by her age.

Not so for her. Ledesma graduated from college four years ago. After moving through a series of jobs, she now earns $18,000 making pizza at Classic Slice in Milwaukee, shares a two-bedroom apartment with her boyfriend and has $33,000 in student debt.

"That's not at all how life is now, that's not something that people strive for and it's not something that is even attainable, and I thought it would be at this point," Ledesma said.

Her mother Cheryl Romanowski, 55, was making about $10,000 a year at her age working at a bank without a college education. In today's dollars, that income would be equal to roughly $19,500.

Romanowski said she envies the choices that her daughter has in life, but she acknowledged that her daughter has it harder than her.

"I think the opportunities have just been fading away," she said.

The analysis of the Fed data shows the extent of the decline. It compared 25 to 34 year-olds in 2013, the most recent year available, to the same age group in 1989 after adjusting for inflation.

Education does help boost incomes. But the median college-educated millennial with student debt is only earning slightly more than a baby boomer without a degree did in 1989.

The home ownership rate for this age group dipped to 43 per cent from 46 per cent in 1989, although the rate has improved for millennials with a college degree relative to boomers.

The median net worth of millennials is $10,090, 56 per cent less than it was for boomers.

Whites still earn dramatically more than Blacks and Latinos, reflecting the legacy of discrimination for jobs, education and housing.

Yet compared to white baby boomers, some white millennials appear stuck in a pattern of downward mobility. This group has seen their median income tumble more than 21 per cent to $47,688.

Median income for black millennials has fallen just 1.4 per cent to $27,892. Latino millennials earn nearly 29 per cent more than their boomer predecessors to $30,436.

The analysis fits into a broader pattern of diminished opportunity. Research last year by economists led by Stanford University's Raj Chetty found that people born in 1950 had a 79 per cent chance of making more money than their parents. That figure steadily slipped over the past several decades, such that those born in 1980 had just a 50 per cent chance of out-earning their parents.

This decline has occurred even though younger Americans are increasingly college-educated. The proportion of 25 to 29 year-olds with a college degree has risen to 35.6 per cent in 2015 from 23.2 per cent in 1990, a report this month by the Brookings Institution noted.

The declining fortunes of millennials could impact boomers who are retired or on the cusp of retirement. Payroll taxes from millennials helps to finance the Social Security and Medicare benefits that many boomers receive — programs that Trump has said won't be subject to spending cuts. And those same boomers will need younger generations to buy their homes and invest in the financial markets to protect their own savings.

"The challenges that young adults face today could forecast the challenges that we see down the road," said Tom Allison, deputy policy and research director at Young Invincibles.

http://www.timescolonist.com/millennials-are-falling-behind-their-boomer-parents-1.7235701

#News #Politics #Millennials #Baby-boomers #Economy #Race

Millennials are falling behind their boomer parents

SOUTH MILWAUKEE, Wis. - Baby Boomers: your millennial children are worse off than you.With a median household income of $40,581, millennials earn 20 per cent less than boomers did at the same stage . . .
odkaz na zdroj
Wolf před 2 let
Obrázek/fotografie

Who’s Afraid of a Naked Emperor?



http://www.counterpunch.org/2017/01/12/whos-afraid-of-a-naked-emperor/

'The changing dynamics in the #economic #structure must accompany necessary #changes to ensure #human #rights and #integrity of the #environment for #all #life forms.
I want the #world to be #peaceful and filled with #kindness, #sharing and #caring among all of us. I think that sort of stuff should be the #guiding #principle.'

#capitalism #afraid #naked #emperor #hamada #economy
odkaz na zdroj
Sylvia J před 2 let

A crackdown on the cash economy is an attack on the poor and a reward for banks


In short, the government cannot use the pretext of clamping down on an industry which is presently illegal by claiming the cash transactions facilitates the existence and growth of it when it is the government’s own criminalisation policy which brought it into existence.
[…]

So, despite the government’s incessant pressure for recipients [of welfare programs] to work, people either remain unemployed on welfare, or work and have their payments severely cut or ended. Recipients can escape this by working in the cash economy and not declaring their earnings.

Other problems abound if the government were to abolish high-denomination bank notes and restrict cash payments above a specified amount, such as $1,000.
One is privacy. By forcing the public to use electronic payments, their activities and whereabouts can be tracked. Given the growth of the surveillance state and intelligence-industrial complex, this is a real infringement upon freedom and privacy if the authorities access this bank data.

This policy is also designed to generate inefficiency by forcing dependence on the banking and financial system. Where previously transactions may have been efficiently conducted in cash, the public are forced to use electronic payments, inserting a third party into the transactions: banks – to their benefit.
Worse, this move against cash makes it easier for the RBA to implement negative interest rates in a significant economic downturn to bail out the banking system. It would become almost impossible for the public to take their savings and other liquid assets out of the banking system as cash to protect themselves from being charged for having savings.

https://www.theguardian.com/commentisfree/2016/dec/15/a-crackdown-on-the-cash-economy-is-an-attack-on-the-poor-and-a-reward-for-banks

This is precisely why our Persona-based commsec training matrix (a resource for trainers) lists "Use cash" as a top suggestion, often overlooked by digital security trainers.

#cash #privacy #economy #banks

A crackdown on the cash economy is an attack on the poor and a reward for banks | Philip Soos

The rhetoric against the black economy and $100 bills is the government’s attempt to deal with problems of its own creation. The poor will be the big losers
odkaz na zdroj
skanda42 před 2 let

A crackdown on the cash economy is an attack on the poor and a reward for banks


In short, the government cannot use the pretext of clamping down on an industry which is presently illegal by claiming the cash transactions facilitates the existence and growth of it when it is the government’s own criminalisation policy which brought it into existence.
[…]

So, despite the government’s incessant pressure for recipients [of welfare programs] to work, people either remain unemployed on welfare, or work and have their payments severely cut or ended. Recipients can escape this by working in the cash economy and not declaring their earnings.

Other problems abound if the government were to abolish high-denomination bank notes and restrict cash payments above a specified amount, such as $1,000.
One is privacy. By forcing the public to use electronic payments, their activities and whereabouts can be tracked. Given the growth of the surveillance state and intelligence-industrial complex, this is a real infringement upon freedom and privacy if the authorities access this bank data.

This policy is also designed to generate inefficiency by forcing dependence on the banking and financial system. Where previously transactions may have been efficiently conducted in cash, the public are forced to use electronic payments, inserting a third party into the transactions: banks – to their benefit.
Worse, this move against cash makes it easier for the RBA to implement negative interest rates in a significant economic downturn to bail out the banking system. It would become almost impossible for the public to take their savings and other liquid assets out of the banking system as cash to protect themselves from being charged for having savings.

https://www.theguardian.com/commentisfree/2016/dec/15/a-crackdown-on-the-cash-economy-is-an-attack-on-the-poor-and-a-reward-for-banks

This is precisely why our Persona-based commsec training matrix (a resource for trainers) lists "Use cash" as a top suggestion, often overlooked by digital security trainers.

#cash #privacy #economy #banks

A crackdown on the cash economy is an attack on the poor and a reward for banks | Philip Soos

The rhetoric against the black economy and $100 bills is the government’s attempt to deal with problems of its own creation. The poor will be the big losers
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maymay před 2 let

Welcome to 2030. I own nothing, have no privacy, and life has never been better






https://www.weforum.org/agenda/2016/11/shopping-i-can-t-really-remember-what-that-is

#cashless #life #shopping #economy #privacy #cyberpunk

Welcome to 2030. I own nothing, have no privacy, and life has never been better

It might seem odd to you, but it makes perfect sense for us in this city. Everything you considered a product, has now become a service.
odkaz na zdroj
skanda42 před 2 let

Welcome to 2030. I own nothing, have no privacy, and life has never been better






https://www.weforum.org/agenda/2016/11/shopping-i-can-t-really-remember-what-that-is

#cashless #life #shopping #economy #privacy #cyberpunk

Welcome to 2030. I own nothing, have no privacy, and life has never been better

It might seem odd to you, but it makes perfect sense for us in this city. Everything you considered a product, has now become a service.
odkaz na zdroj
rollitup před 2 let

Why we need to plan for a future without jobs - Vox #economy


Why we need to plan for a future without jobs

Andy Stern spent his career organizing workers. Here’s why he thinks work is doomed.
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skanda42 před 3 let

It is not just poor. The present way we emit money creates, among other, artificial competition.



We have to fight for mathematically non-existent interest in the economy. The total amount of money in circulation is always lower then emitted money through debt plus interest to be paid.

#poor #money #emission #moneyemission #artificial #competition #artificialcompetition #interest #economy #moneyincirculation #debt #slavery #modernslaves #slaves #change #changethesystem #system
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skanda42 před 3 let

Why we need to plan for a future without jobs - Vox #economy


Why we need to plan for a future without jobs

Andy Stern spent his career organizing workers. Here’s why he thinks work is doomed.
odkaz na zdroj
arnst před 3 let
Obrázek/fotografie

Finland to Test out Basic Income Scheme



http://www.telesurtv.net/english/news/Finland-to-Test-Out-Basic-Income-Scheme-20160826-0012.html

'Amid a growing #debate on the subject, #Finland now wants to be the first #European #country to test the idea #nationwide. Countries such as the #UK, the #Netherlands and #Canada have toyed with the idea of #basic #income #distribution and many see it as a #viable #alternative for #unemployment #benefits and other #welfare #payments.'
#scheme #ubi #europe #economy #capitalism #sipila #sustainable #video

Finland to Test out Basic Income Scheme

Finland is moving forward with a plan to test the effects of paying a basic income. 
odkaz na zdroj
Sylvia J před 3 let
Obrázek/fotografie

Forbes:



Unless It Changes, Capitalism Will Starve Humanity By 2050



Capitalism has generated massive wealth for some, but it’s devastated the planet and has failed to improve human well-being at scale.
  • Species are going extinct at a rate 1,000 times faster than that of the natural rate over the previous 65 million years (see Center for Health and the Global Environment at Harvard Medical School).
  • Since 2000, 6 million hectares of primary forest have been lost each year. That’s 14,826,322 acres, or just less than the entire state of West Virginia (see the 2010 assessment by the Food and Agricultural Organization of the UN).
  • Even in the U.S., 15% of the population lives below the poverty line. For children under the age of 18, that number increases to 20% (see U.S. Census).
http://theintellectualist.co/forbes-unless-it-changes-capitalism-will-starve-humanity-by-2050/

#CapitalismMustGo #capitalism #crisis #economy #society #PeopleNotProfits #healthcare #ClimateChange #GlobalWarming #green #eco #greed #elite #government #socialism #Marx #SPGB #WSM #money #environment #medical #food #starvation #poverty #hunger
EUROPEAN #BANKS ARE #PURPOSELY #IMPLODING THE WORLD #ECONOMY TO #BLAME #BREXIT The Next News Network
https://youtu.be/bc9eNf6L-Po

YouTube: EUROPEAN BANKS ARE PURPOSELY IMPLODING THE WORLD ECONOMY TO BLAME BREXIT (The Next News Network)

Sub for more: http://nnn.is/the_new_media | Alison Little Fore Express UK reports Sir Bernard Ingham, Margaret Thatcher’s tough-talking former press secretar...
Obrázek/fotografie

NATO and the contradictions within western Imperialism



http://www.marxist.com/nato-and-the-contradictions-within-western-imperialism.htm

#nato #contradictions #western #imperialism #us #russia #eu #eastern #europe #brexit #syria #politics #economy #social #crisis #capitalism #globalization #summit

NATO and the contradictions within western Imperialism

The recent NATO summit in Warsaw was full of contradiction and tensions between members of the alliance. The fragility of NATO’s power and the instability of world relations were on display for all to see.
odkaz na zdroj
Sylvia J před 3 let od Diaspora
Obrázek/fotografie

Ontario moving forward with Basic Income Pilot Province



Hugh Segal

https://kagbig.wordpress.com/2016/06/25/ontario-moving-forward-with-basic-income-pilot-province-appoints-special-advisor-hugh-segal/

http://www.huffingtonpost.ca/2014/12/23/mincome-in-dauphin-manitoba_n_6335682.html

#ontario #canada #basic #guaranteed #income #pilot #business #economy #poverty #reduction #social #services #security #mincome #manitoba

Kingston Action Group for Basic Income Guarantee: Ontario Moving Forward with Basic Income Pilot Province – Appoints Special Advisor Hugh Segal (debramcauslan)

June 24, 2016 11:00 A.M. Ministry of Community and Social Services The province has appointed the Honourable Hugh Segal to provide advice on the design and implementation of a Basic Income Pilot in…
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Sylvia J před 3 let
Eurozone’s So-Called Recovery Masks A Dark Secret - https://www.socialeurope.eu/2016/05/eurozones-called-recovery-masks-dark-secret-mercantilism/ #economy

https://www.socialeurope.eu/2016/05/eurozones-called-recovery-masks-dark-secret-mercantilism/
Never mind TTIP. Not enough is reported on the growing incidence of mercantilism within the EU, the witch's familiar to fiscal austerity.
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arnst před 3 let od Diaspora
I don't believe universal basic income can and will be organized by governments though. It will come through the tech sector.
https://azizonomics.com/2016/04/29/universal-basic-income-is-inevitable-unavoidable-and-incoming/

#society #economy #economics #tech #technology #basicincome #universalbasicincome #ubi #grundeinkommen #inflation #deflation #banking #money
odkaz na zdroj
herzmeister der welten před 3 let od Diaspora
starší