If you want to really understand what's happening see; http://www.paulcraigroberts.org/ We in the West have never had real freedom be it economic or at the polls.

Dr Paul Craig Roberts was the assistant secretary to the US Treasury during the Reagan years.

Sounds good: we need to keep the idol of economy in check, to have a real life instead of this rat-race of going after material things - so if inequality stops economic growth, then we need more of it!

Really, who cares whether money concentrates in the hands of a few wealthy individuals or in the hands of government: for us, ordinary people, they are one and the same - let them all choke on their wealth, nor do we need democracy so we could (in theory) have a part in the decision-making of what government does with its wealth. You both - take your money and go, just go away and leave us alone!

Stalin is our father, Russia is our mother - may we all be orphans!

"George W Bush is our father. The U.S. is our mother. May we never be born!"

Yuyutsu, I loved your comment. As usual, you shine a light into the dark places where the moronic lowlife plot and plan.

Cheers.

In the UK almost one in 60 people are now having to use food banks to avoid starvation and malnutrition - an increase of over 160% in just 12 months. This has been directly attributed to the increasingly punitive assaults by the Cameron government on the welfare system and British working class.

Hockey, Abbott and co. have been teething at the bit to get their chance to emulate Cameron's war on the British poor, who have been gradually ground into the dirt by the pathological neoliberal belief system that has dominated the global economy of the last 30 years. Hockey, Abbott and co. are all ideological worshippers of Cameron's same 'big society' philosophy.

This ideology has nothing whatever to do with real economics - it's entirely driven by the self-interest of the rich and privileged.

Who cares if too much wealth concentrates in too few hands?
Well given our real wealth has real finite limits, those of us receiving less of it in real terms, for a growing production output. Real wealth has very real very finite limits.
Yes we did go through a period of unprecedented prosperity, just after the war, and because we continued to follow Keynesian economic principles and the gold standard!
Only to see that prosperity and and more real equity, wound back by some very unintelligent people, who thought their power was being diminished or somehow eroded by more genuine equality.
When ideology replaces reason and verifiable facts, this is what we get!
I mean, we may well be selling millions more newspapers, but far less advertising!
Could that possibly have anything to do with more an more of our finite wealth concentrating in fewer and fewer hands?
The very immutable cause and effect reason, we had the Great depression!
In recent years, we've bought our economic growth with increasing private, foreign, domestic and govt debt.
That model is patently unsustainable as is simply and stupidly, concentrating more and more of our finite wealth in fewer and fewer hands!
Money does the most economic growth work, when it passes through many hands, and does nothing whatsoever, hoarded in company vaults etc.
Who cares if money concentrates in too few hands, are the many corporations and others, who are facing bankruptcy, due to economic downturns, none more so than an export dependent Russia!
Who cares, [thanks to the immutable law of cause and effect,] those who must now face the new Great depression caused by the very phenomena outlined, and indeed, virtually proven by 200 years of irrefutable hard data!
And given we follow the mindless and or are lead by the blind, we will visit another great depression, replete with a huge unemployed poor, tent cities, rust belts and soup kitchens!
Oh, we have those already?
Well if that isn't the proof of the pudding, I'd like to know what is?
Rhrosty.

People like Rhrosty have very limited ideas about wealth. Money is not wealth. The knowledge and skills of people are wealth and a few people have used the counterfeiting of our money to steal that wealth.

They now call it Quantitative Easing and is used the toxic derivative market to achieve their evil ends.

With all the money printing our economies have not improved. There are 50 million people on food stamps in the USA and half are employed. The money printing has made the share market bubble bigger while the real economy shrinks.The situation in much of Europe and South America is worse.

This malaise is coming to Australia because we have the most over inflated house prices on the planet with no manufacturing and lots of debt.