Sliding back to a Victorian age

SAN SALVADOR. Sep (IPS) A recent report by the Centre for Analysis of Social Exclusion at the London School of Economics has recently called attention to the fact that, at the present rate of inequality, by the year 2025, the United Kingdom will have returned to the unequal society of the end of the 19th century. In other words, we are going back to the times of Queen Victoria! What this means is that the combined wealth of the Forbes billionaires is now larger than the U.S. budget, which is 3.8 trillion dollars for this year… In other words, we could fill a 300-seat plane with the 300 richest persons in the world, yet their wealth exceeds the combined wealth of three billion people: nearly half of humankind.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s