Inequality

2020 Edelman Trust Barometer

The 2020 Edelman Trust Barometer reveals that despite a strong global economy and near full employment, none of the four societal institutions that the study measures—government, business, NGOs and media—is trusted. The cause of this paradox can be found in people’s fears about the future and their role in it, which are a wake-up call for our institutions to embrace a new way of effectively building trust: balancing competence with ethical behavior.

Manhattan: A City Of Empty Luxury Condos And Overflowing Homeless Shelters

January 24, 2020 Staff, Boingboing.net Educate! Homelessness, Housing, Inequality, New Economy

New York's luxury real-estate market has been in freefall for years, and now the city's super-luxe buildings are sitting empty -- even as property prices in the city remain stubbornly high, prompting 300 New Yorkers to move out of the city every day, and filling the homeless shelters to capacity and beyond. New York -- like most overpriced cities -- has failed to build enough low- and middle-income housing of the sort that people use to live in, and has grossly oversupplied itself with the kinds of safe deposit boxes in the sky that oligarchs use as a form of medium-term asset class, possibly without ever occupying it.

World’s Billionaires Have More Wealth Than 4.6 Billion People

January 22, 2020 Staff, Oxfamamerica.org Educate! Inequality, Ruling Class

There are more than two thousand billionaires in the world today and they have more wealth than the 4.6 billion people who make up 60 percent of the planet’s population, reveals a new report from Oxfam. The report is being launched as political and business elites, including President Trump, head to the World Economic Forum in Davos, Switzerland this week. The report, ‘Time to Care’, outlines how global inequality is shockingly entrenched and vast, with the number of billionaires having doubled in the last decade. The report also shows how our sexist economies are fuelling the inequality crisis...

JPMorgan Chase Records The Biggest Profit Of Any Bank In US History

January 22, 2020 Gabriel Black, Wsws.org Educate! Banks, Inequality, JP Morgan, Profit

JPMorgan Chase, the most valuable private bank in the world, made $36.4 billion in 2019, the biggest annual profit of any bank in American history. The news, reported Tuesday, sent the company’s stock up by 2 percent. In the fourth quarter of 2019, the company took in $8.5 billion, also a record, making it the tenth largest publicly traded company in the world, with a market cap of $437 billion.

People In US See Economy Is Rigged For The Wealthy

January 16, 2020 By Ruth Igielnik, Pewresearch.org Educate! Inequality, New Economy, Ruling Class

The notion that the U.S. economy is “rigged” to benefit the wealthy and special interests was a major rallying cry in the 2016 presidential election and is already resurfacing in the 2020 race. This message is likely to resonate with many Americans. Seven-in-ten U.S. adults say the economic system in their country unfairly favors powerful interests, compared with less than a third who say the system is generally fair to most Americans.

We Are The Majority; We Must Turn That Into Power

December 29, 2019 Kevin Zeese and Margaret Flowers, Popular Resistance Newsletter Climate Change, Healthcare, Inequality, militarism, National Improved Medicare for All

Over the last decade, a national consensus has developed for a progressive left agenda on the economy, social services and ending wars but the movement has not built the power to make that a reality. The next decade will be ripe with opportunities for transformational change due to a combination of expanding popular movements as well as escalating crisis situations. Positive change will only occur if these movements evolve into an organized popular movement that truly represents the people's interests against the elites. The movement must protect the planet at this critical time of climate crisis against the profiteering of the planet-plundering capitalist class. We must stand against continued militarism, bloated and wasteful weapons spending, military conflict and regime change imperialism.

World’s 500 Richest People Gained $1.2 Trillion In Wealth In 2019: Analysis

December 28, 2019 By Jake Johnson, Commondreams.org Educate! Inequality, New Economy, Ruling Class

The 500 richest people in the world, all of whom are billionaires, gained a combined $1.2 trillion in wealth in 2019, further exacerbating inequities that have not been seen since the late 1920s. That's according to a new Bloomberg analysis published Friday, which found that the planet's 500 richest people saw their collective net worth soar by 25 percent to $5.9 trillion over the last year. "In the U.S., the richest 0.1 percent control a bigger share of the pie than at any time since 1929," Bloomberg noted.

Inhuman Development Haunts The Globe

December 25, 2019 By David Ruccio, Real World Economics Educate! Inequality, New Economy, Racism

The wave of demonstrations sweeping across countries is a clear sign that, for all our progress, something in our globalized society is not working. Different triggers are bringing people onto the streets: the cost of a train ticket, the price of petrol, political demands for independence. A connecting thread, though, is deep and rising frustration with inequalities.

Let’s Talk About Democracy. Real Democracy.

December 23, 2019 Cora Roelofs, Roarmag.org Create! Democracy, Ideology, Inequality

In the United States, we are taught as children that we live in a democracy and that this democracy assures our freedom. Then we are told to stand up and place our hands over our hearts and pledge allegiance to the flag. In fourth grade, I found out what happens when you don’t. I was ordered to the hall and questioned by my teacher: why was I not saying the pledge? I shook and stood silent in the face of my teacher’s anger. When I asked my activist mother for her advice, she suggested that it might be easier if I quietly changed some of the words...

Beneath Las Vegas’ Glittering Strip, Homeless People Live In Storm Tunnels

December 19, 2019 John L. Smith, Huffpost.com Educate! Homelessness, Housing, Inequality, Las Vegas

LAS VEGAS – Donovan looked out on the swanky casino looming in the distance. Traffic whizzed along the nearby highway overpass. He stood, sockless in tennis shoes, at the mouth of the concrete tunnel where he lives, a five-minute walk from Caesars Palace hotel. Graffiti covered the tunnel walls that disappeared into darkness behind him. After arriving in America’s gambling capital from California in 2013, Donovan had planned on working, but things didn’t turn out well. “It all went downhill, and here I am,” he said. Like others in this story, he agreed to be identified by first name only.

This Holiday Season, American Workers Have Little To Celebrate

December 7, 2019 By Danny Haiphong, Ahtribune.com Educate! Class Struggle, Inequality, New Economy, Workers Rights and Jobs

Every year, much of the U.S. population celebrates Thanksgiving and Christmas to show appreciation for their families and friends. Thanksgiving normalizes the colonial origins of the United States and erases the brutality of the English settlers who massacred indigenous people to prepare the land for capitalist accumulation. Christmas is the annual holiday of big business. On no other day are workers more encouraged to spend their wages on the latest consumer product to gift to their loved ones.

“Booming” Economy Means More Bad Jobs And Faster Race To The Bottom

December 7, 2019 Glen Ford, Blackagendareport.com Educate! Inequality, Jobs and Wages, New Economy

A Brookings Institution study shows 44 percent of all American workers toil in “low-wage” jobs, with median earnings of $18,000 a year. Most of them are adults in their prime working years, whose paychecks provide the main sustenance for their families, 20 percent of which live at below 150 percent of the poverty line. Blacks and Latinos are overrepresented in low-paid employment, but more than half of these bad jobs are held by whites.

The U-Turn That Turned America Staggeringly Unequal

December 5, 2019 By Bob Lord, Inequality.org Educate! History, Inequality, Ruling Class

Wealth in America has concentrated — and dramatically so — over the past four decades. Since 1980, note wealth researchers Emmanuel Saez and Gabriel Zucman, the top 0.1 percent share of the nation’s total wealth has more than doubled, from under 10 percent in 1980 to over 20 percent today. In a nation of over 125 million households, just one ten-thousandth of those households — some 12,500 — now control over 10 percent of our wealth. But can numerical abstractions like these help us truly grasp the reality of the inequality that’s overtaken America? Or are these numbers too, well, abstract?

Harvesting The Blood Of America’s Poor: The Latest Stage Of Capitalism

December 4, 2019 By Alan Macleod, Mintpressnews.com Educate! Capitalism, Inequality, Poverty

For much of the world, donating blood is purely an act of solidarity; a civic duty that the healthy perform to aid others in need. The idea of being paid for such an action would be considered bizarre. But in the United States, it is big business. Indeed, in today’s wretched economy, where around 130 million Americans admit an inability to pay for basic needs like food, housing or healthcare, buying and selling blood is of the few booming industries America has left.

«1 2 3 4 5 6 7 8 9 10 »

Daily movement news and resources