This simple Global Inequality Infographic using Paint app. will give you some insight about how we are F*cked up.
- The top 0.7% of total global population owns 45.9% of total global wealth.
- While the 70.1% of global population only owns 2.7% of total global wealth.
This is the results of global mixed ideology of: Capitalism, Socialism and Communism. It will only takes a matter of time on what would be the ideal form of Government System to solve this kind of problem. But we are still on a process of how do we distribute the Global Wealth down to the Bottom of the pyramid.
Not sure about giving socialism and communism an equal billing with capitalism, there. This inequity is 21st century neoliberalism in action, and capitalism is the significant player there.
If you want to redistribute wealth (I do!), then it is left wing thinking that needs to be applied.
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Cool! we need some kind of peaceful and effective revolution!
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I am not sure peaceful will do it. I am not advocating violence, you understand, but the powers that be aren't going to hand over the reigns and the money unless they have little choice.
I think things will be staying like they are for some time yet.
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To your assertion that Capitalism is the key driver in 21st century wealth inequality, I challenge you to look at the wealth gap in China.
There is some truth to the assertion though. It was Capitalism (back when it was adequately pursued) that made the richer countries rich.
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How would you describe the system in China?
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Well, there has historically been no system that distributes the wealth downward. The phenomenon that redistributes the wealth, for good or bad, is when the system gets upended (wars and revolutions, etc). The flaw in this is that the former have-nots do not actually seek equal distribution (at least not for more than a generation or so) but seek to set themselves up as the new haves.
Add to this the fact that the only entities currently able to upend the world's system will not have much popular support because they have made this intention obvious and have made themselves more abhorrent in the eyes of the have-nots than the global haves are.
Communism attempts to enact fairness by banning greed. The problem is all it takes to poison the system is for one person with a position of power (power which no one dares question because it allegedly comes from the people, hence the term "Dictatorship of the Proletariat") to get greedy and it becomes indistinguishable from fascism. Take for instance the USSR or the PRC.
Capitalism has less admirable rhetoric. It acknowledges greed is a Human motivator and then says "well, since we can't get rid of greed, we should at least try to get something useful out of it," and creates a system where greed is best served through innovation.
Neither of these is golden but so far Capitalism has narrowed this gap to the (comparatively) narrow gap it is today. If you find that statement odd, look at what a similar chart would have looked like under the old Feudal systems where the top cats quite literally owned everything up to and including the country.
Something more advanced than Capitalism will come along eventually (Human history is one of mostly progress after all), but Socialism and Communism simply aren't it. As to the question "okay, what is it," well I don't know. It hasn't been invented yet.
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I've seen voluntarism and utopia advocates here in steemit, I wonder how it goes well. :)
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I have great respect for those who volunteer their time to those who have less (I have done multiple stints myself), but as a way of life, it tends to only last until the volunteer themselves starts wondering where their next meal is going to come from. An economy based on "let's just all share" has never worked on a large scale, and never on a small scale for very long. Sooner or later, someone gets either lazy or greedy. The entire system of currency-based-economics originated as a means of measuring the worth of goods and services, probably with the original intent of exposing the lazy and greedy ones in the tribe.
As for Utopia, well, note that the word "Utopia" is a translation of the English word "nowhere."
Though you make some very good points. Making those who live in wealthier countries (and who, ironically enough, spend most of their time protesting in the streets that their lives aren't fair and that they want a $15 minimum hourly wage while there are families in Quezon, for example, who don't make $15 daily) realize "hey genius, from a global perspective you clowns out there on the OWS picket lines ARE the much-talked-about '1%' " and getting them to actually do something with their lives, be it volunteer service for a week or so a year, or charity donations, or if they are of a more enterprising spirit, opening some kind of wealth-generating and job-creating business in a place where there are fewer jobs...
...Well, it would go a long way toward improving the world.
I find it unlikely to happen soon though, for the reasons I mentioned above: too many people living in wealthy countries (I'm looking at my homeland here) think they're "oppressed" while in fact they're living fat from a global perspective, and rather than helping anyone else they're whining that Bernie Sanders didn't win the presidency with his promises to distribute wealth to them.
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Let's all share? Voluntaryists do not believe in that. What made you think they did? My property is mine. If I worked for it and gained it fairly, it is mine. Perhaps "voluntary" doesn't mean the same thing to you. All interactions between humans should be voluntary. That includes sharing. If anyone or anything forces a person to share, then it isn't voluntarism.
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The system has been designed like that by mother nature and what government does is to enhance the rich gets richer chain flow.
Who is to blame?
The best way out is to join the league. Get rich or die trying, since we can't beat them, we better join them.
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It seems like a SURVIVAL OF THE FITTEST you are emphasizing. But being on top of the food chain should be the one who will act about inequality, because power is responsibility. :)
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This is what I will called socio-political and capitalist injustice. In a society where the rich are getting richer and the poor are getting poorer, there is a need for a drastic and revolutionary change in the way things are been done and run in our present day world.
with the way things are going we may get to a stage where there will be revolutions. Except an equitable way of distributing wealth and resources is been implemented soonest. Nice and helpful post @cortexx
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The wealth inequalities are horrible. Although I like the basic idea behind communism and socialism, history has shown that capitalism is the most efficient system we had invented and tested so far.
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Yes! they are mostly similar, but capitalism is also have lots of loopholes.
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Wealth inequality is natural to any market system. It won't go away if the core mechanics of how our society functions stays the same. We have all the knowledge and resources we need to create a shared abundance without damaging ecosystems, yet we have a monetary system that encourages dirty practices to save costs. Money is the root of all evil, most have heard that phrase, yet few seem to be able to step back and ask themselves if we need to have money. We don't.
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Yes you are right proditor! We have science and tech. to leverage the production of agricultural products and the welfare of the people we could have abundance, prosperity and wealth if we wanted to, it only takes cooperation, and love! I'm not sure if resource base economy would be the solution.
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Sociopathic tendencies breeding together for many centuries produces ultra sociopaths incapable of seeing the big picture. Their genes have been selected to hoard at all costs
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Decentralized monetary system or revert to gold and silver is probably the best solution.
Thanks for your post.
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An imbalance between the rich and poor is the oldest and the most fatal ailment of all republics
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By design and they want more....and they wonder why people want “out” with cryptos
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If it is about money ...i guess everyone is eligible to read this
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Its like poor are getting poorer and rich richer....
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Sad but true ... As for answers, well, they are myriad .. but ultimately they are all flawed because human beings tend to be greedy.
Design something for the masses and there will always be one person looking at how they can hack it to make themselves wealthy!
Any solution has to be designed to address that very human failing.
If you don't engineer equality, then you can guarantee that you won't get it, irrespective of the intentions of individuals or the system adopted.
As your infographic clearly illustrates, it only takes a small and greedy minority to screw things up for an overwhelming majority.
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It's just because God is stuck in sky traffic...but when "he" gets here...
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not sure how accurate the figures are but the premise is 100% correct, it is massively lob sided rich are getting richer poor are getting poorer and the gap is increasing as time goes on crazy world
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