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My evidence of this is that as you know most of the wealth in America for example is owned by less than 1% of the families. We're told this is natural in some way. I don't believe's true.
The original observation was in connection with income and wealth. Pareto noticed that 80% of Italy's land was owned by 20% of the population.[4] He then carried out surveys on a variety of other countries and found to his surprise that a similar distribution applied. www.princeton.edu...
....In many countries the distribution of income has become more unequal, and the top earners’ share of income in particular has risen dramatically. In the United States the share of the top 1 percent has close to tripled over the past three decades, now accounting for about 20 percent of total U.S. income (Alvaredo and others, 2012). At the same time, while the new convergence mentioned above has reduced the distance between advanced and developing economies....
Within many countries the dramatic divergence between the top 1 percent and the rest is a new reality. The increased share of the top 1 percent is clear in the United States and in some English-speaking countries and, to a lesser degree, in China and India. But it is not clear from the available data whether this new hyperconcentration at the top is a truly global phenomenon. The World Top Incomes Database (Alvaredo and others, 2012) shows that, at least until 2007, continental Europe and Japan did not experience the same shift of incomes to the top of the income distribution. But because the causes of the concentration are largely global and can be counteracted only partially by national policies, it is likely that this top-heavy concentration will only increase....
www.imf.org...
“A disordered currency is one of the greatest of evils. It wars against industry, frugality, and economy. And it fosters the evil spirits of extravagance and speculation. Of all the contrivances for cheating the laboring classes of mankind, none has been more effectual than that which deludes them with paper money. This is one of the most effectual of inventions to fertilize the rich man’s field by the sweat of the poor man’s brow. Ordinary tyranny, oppression, excessive taxation: These bear lightly the happiness of the mass of the community, compared with fraudulent currencies and robberies committed with depreciated paper.”
“Robberies committed with depreciated paper,” the man said. This was another way of referring to bad debt. In the accepted American view of the time, bad money led to excessive credit. Excessive credit led to bad debt. And bad debt was part and parcel of bad economic policy. It harmed the nation. The accumulation of bad debt was ruinous to the growth of the economy.
*****PERSONAL NOTE*****
The old 3 class system is still secretly in place
...In the same way, climate change negotiations are not just about the global environment but global economics as well — the way that technology, costs and growth are to be distributed and shared...
Can we balance the need for a sustainable planet with the need to provide billions with decent living standards? Can we do that without questioning radically the Western way of life? ....
At the same time, globalization is blurring the line between national and world issues, redefining our notions of space, sovereignty and identity....
www.theglobalist.com...