Sunday, February 12, 2017

Capitalist failure brought Trump, which will bring more failure

insurge-intelligence: "As the London-based development charity ActionAid showed in a 2013 report, a more realistic poverty measure lies between $5 and $10 a day. World Bank data shows that since 1990, the number of people living under $10 a day has increased by 25 percent, and the number of people living under $5 a day has increased by 10 percent. Today, 4.3 billion people — nearly two-thirds of the global population — live on less than $5 a day.
So really, poverty has worsened in the Age of Progress. And now the unsustainability of this equation is coming home to roost even in the centres of global growth, where wealth is most concentrated."

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