Tag: Wealth Accumulation

Billionaires Gobbled up 2/3s of New Wealth at $2.7 bn/ day, as 800 million go to bed Hungry: Oxfam

The East India Corporation did it to India, China and the West Indies it was termed PLUNDER the unregulated process of “free marketing” whitewashed and legitimised by the British government. It has never stopped since its systemised corporate application came into being only allowed to accelerate and be refined with the politics and media that promote it rewarded in return. Piracy has never really stopped merely redefined.

Oxfam , the British charity, has released a new report finding that the global problem of wealth inequality is growing ever more threatening. Of all the new wealth the entire human race has produced in the past two years, the richest 1% gobbled up 66% of it. The less-rich 99% of us only got a third of it.

Source: Billionaires Gobbled up 2/3s of New Wealth at $2.7 bn/ day, as 800 million go to bed Hungry: Oxfam

Battlers and plutocrats: How political connections reward Australia’s super-rich

Research reveals a huge proportion of Australia’s richest people amass their wealth via political connections rather than via innovative businesses – which is helping them at the expense of everyone else.

Source: Battlers and plutocrats: How political connections reward Australia’s super-rich