As long as the Earth was big compared to human demands, economic growth could often provide the wealth needed to lift people out of poverty. Now that human demands practically fill the Earth’s ability to provide the resources we want, and to absorb our waste, this is no longer true. Today, for those who are winning the Global Monopoly Game, the main sources of wealth expansion, besides blowing financial bubbles and cleaning up when they burst, is to skim wealth away from other people and social programs like education, health care, water systems and emergency support.
The video below graphically outlines just how extreme wealth inequality has become in America. While it is not as pronounced in Canada, policies are being put in place that could make it so. The difference between our perception of inequality and the actual numbers is alarming. The reality is often not what we think it is.
Did you know that “The average worker has to work more than one month to make what the CEO makes in one hour?” asks the video moderator.
Wealth Inequality in America
Published on Nov 20, 2012
Infographics on the distribution of wealth in America.
Austerity and privatization are the mopping up stage of the Global Monopoly Game. If we want to end the expansion of the rich-poor divide, perhaps it is time to recognize the winners, pass out some prizes, pack up the game and play something else. Are we ready to organize mutual provision (the economy) around the goal of long-term well-being? It is a Question of Direction.
Mike Nickerson is an accomplished author and speaker. He has recently published the second edition of his most recent book Life, Money and Illusion: Living on Earth as if we Want to Stay.
He is the Executive Director of The Sustainability Project and spends several months of the year travelling across Canada speaking to audiences about his Sustainability Project/7th Generation Initiative, an educational, non-profit organization that exists to collect, study, develop and teach ideas, information, technologies and customs that promote green values and lead toward a sustainable future. Mike has also coordinated an initiative to establish a Genuine Progress Index for Canada in the early nineties. Website: SustainWellBeing
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(Rolly Montpellier, Editor for BoomerWarrior)