The richest 1% took home nearly twice as much wealth as the rest of the world put together over the past two years.
If that doesn’t convince you wealth inequality is out of control, I don’t know what will.
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@rbreich You have your priorities mixed up... people making more than everyone else, no matter the extent is **not** the issue. It only detracts from the real issue, which is the quality of living of the poorest people below the poverty line.
Wealth is not a pie, a fixed thing with only so much to go around. One person having more does **not** mean someone else has to have less. Wealth is something constantly being created and destroyed, the real question is why arent the poor able to create wealth.
The problem is not that the politicians can be bought but that enough economic power is political power and today it is mainly carried out through the financing, and therefore the control, of the mass media. Not only news but also movies, books, TV series, shows and so on.
And when I say political I don’t mean only parties, elections etc. For example medical research being privately funded will only develop profitable products, such as drugs that chronicize a disease and the development of those that cure permanently are discouraged.
Same with other scientific fields like the economic one, funding the absurd doctrines like the NeoClassical one while burying Keynes.
Not to mention cultural impoverishment, the promotion of ideologies such as social Darwinism, individualism, materialism, nihilism, positivism, scientism: all functional to the preservation of power and the control of the masses.
This was extensively discussed in Marx’s Das Kapital and even the two thousand years old Bible has monitions on this.
In particular, separation of powers principle has its roots in Plato and was discussed by Locke and Montesquieu.
But to the legislature, executive, a judiciary powers you need to add at least the informative (already known as the fourth power), the economic and the technological ones.
@post
So the problem still isnt wealth inequality, the problem is that wealth buys you political power.
@rbreich