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The inequality fallacy behind the G20 protests : Comments
By Jed Lea-Henry, published 13/11/2014Rather than globalisation increasing economic inequality, it has been the incomplete and restricted nature of globalisation that has spurred this trend.
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However, on face value, the conclusions reached and relied on, are not?
Simply put, when just 10% of the global population own 50% of all available wealth, that simple fact just screams out, huge inequality and or, extreme exploitation.
Indeed, as does a basic wage that remained locked into $5.00 lousy dollars an hour; for literally thirty years; and then only recently moved up to an incredibly generous $7.00 an hour, in the land of the dollar bill!
I mean, and seriously folks, who among you can see a $600.00 an hour silk, settling for that hourly rate, or indeed, the often extremely onerous workload, it's expected to actually pay for!
And only made actually possible by an extremely flawed mindset, and economic rationalization!
Consequently, we've come a long way down since a post war period of unprecedented (win/win) prosperity; or the very "liberated" discretionary spending, that created it!
The failed occupy wall street ought to be replaced with commercial boycotts!
Imagine the lowest ever price of liquid energy and all that relies on it, if we but refused to buy any of Dutch shells products for say six months, then did exactly the same with BP/Caltex/etc?
Now that's how you protest!
Rhrosty.