[Closed] An interesting short video about "Wealth"

Takes money to make money and the more you have the more options to accumulate more. Question is where does it end and what do you replace capitalism with?

That's capitalism for you. A massively inequitable way of distributing finite resources and impossible, yes impossible, to sustain. Dread to think what will happen when the developing world catches up with the aspirational west and wants to consume as such.

I'd like to see the UK data

That's capitalism for you. A massively inequitable way of distributing finite resources and impossible, yes impossible, to sustain. Dread to think what will happen when the developing world catches up with the aspirational west and wants to consume as such.

They will begin to catch up and then global warming will destroy most of the developing worlds hopes and dreams, including India and Brazil - whilst the northerly countries will once again be the dominating economic drivers.

That was interesting aye-aye. I knew that wealth inequality in the US, as in the UK, had increased dramatically over the last 30 years as the result of neo-liberalism, but I hadn't realise just how unequal the US now is. 1% owning 40% of the nation's wealth is truly staggering. I had to replay the video several times as I couldn't quite believe it and thought I must have misheard.

Sadly the video only seems to offer the usual "it isn't fair" reason to find the situation unacceptable, when in fact it goes much beyond that. Indeed much of the United States present economic problems, and global financial crises it triggered, was caused by wealth inequality.

[url= http://www.project-syndicate.org/commentary/the-instability-of-inequality ]The Instability of Inequality[/url]

Those opposed to neo-liberal economics and its effects need to go beyond emotive appeals about "fairness". Sadly there is little sign of that actually happening.

BTW the bum deal which the middle-classes are getting according that video was also telling. The middle-classes often perceive themselves as winners, when in reality they are merely rewarded with crumbs from the top table whilst getting shafted. And they often suffer disproportionately when serious economic downturns occur.

That's capitalism for you.

It's not, it's one form of capitalism - neo-liberalism. A form of capitalism dreamt up by very wealthy people to make themselves even wealthier. The video makes it very clear that wealth inequality in the US was on a totally different level 30 years ago. And the US was very much a capitalist country 30 years ago.

You know what the answer is.

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The key point in that video for me was right at the end.

The Average worker in a company has to work a month to earn what his CEO earns in an hour.

Now I've met quite a number of CEO's. I'd say 40% of them can't be trusted to tie their own shoelaces. Another 30% or so were just sharks and the final 30% seemed to actually know what they were doing.

But none of them were worth 380 times a normal person in that company.

cleanerbybike - Member

That's capitalism for you.

Don't worry, if we carry on like this for much longer we'll soon revert to feudalism.

surprised ? 😆

Greed blinds most of us.

I have a feeling that one day the disgustingly rich will set it as standard to bury themselves in gold coffins, as they want to take their richness with them to the end of the carbon world ...

🙄