economics

Who Really Rules the Planet?

This article from Truthout.org details the concentration of wealth as well as the interconnections of the wealthy and their corporations. Of course, it doesn’t say what to do about it, but the information is mandatory for every socialist.

“Many now know the rhetoric of the 1% very well: the imagery of a small elite owning most of the wealth while the 99% take the table scraps. This rhetoric and imagery was made popular by the growth of the Occupy movement, so it seems appropriate that a project of Occupy.com should expand on this understanding and bring the activities of the global elite further to light.

“In 2006, a UN report revealed that the world’s richest 1% own 40% of the world’s wealth, with those in the financial and internet sectors comprising the “super rich.” More than a third of the world’s super-rich live in the U.S., with roughly 27% in Japan, 6% in the U.K., and 5% in France. The world’s richest 10% accounted for roughly 85% of the planet’s total assets, while the bottom half of the population – more than 3 billion people – owned less than 1% of the world’s wealth….”

Read more: http://truth-out.org/news/item/16965-global-power-project-part-1-exposing-the-transnational-capitalist-class

 

Categories: economics, Marxist theory

2 replies »

  1. Who Really Rules the Planet? The Corporate State. No party can change that. “Congressional Progressive (whatever that is) Caucus” is the pretense that their are countervailing forces within the government.

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