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Rich-poor divide no longer a ‘gap’ now a yawning, unbridgeable chasm
by gan Sunday, May 4 2008, 7:52am
international / social/political / commentary

For a very brief period in the second half of the twentieth century, ‘first world’ nations experienced relative equality. The poor could, with immense difficulty, bridge the affluence gap and become wealthy. Today everyone but the cliques and privileged insiders are shut out permanently! The world has returned to the enduring paradigm of privileged elites and everyone else; the access corridors to equity/equality have been shut tight – why share the remaining spoils and perhaps increase competition for the rapidly decreasing commodities and resources of the world?

Sudan
Sudan

A new class of scurrilous thief has been spawned in the 21st century; a heartless breed that speculates on staple food commodities at the expense of human lives! These dastardly types influence futures markets with their huge buying power. What does it matter if people starve, there are billions to be made on rising and plummeting commodities prices and futures trading.

It is a sad fact that today’s futures markets are able to be manipulated as never before – obscene concentrations of wealth in fewer hands have made this possible – the globe has become the oyster of a new criminal elite, one that presents itself as respectable traders and business executives.

One does not need to be an economist to understand that those who earn hundreds of millions are not hundreds of millions of times more capable or intelligent than anyone else – they obtain their wealth not with immense skill or genius but with illegalities and privileged information. Grossly disproportionate incomes do not reflect talent they reflect criminal activity!

These 'geniuses' are undermining the stability of the world; populations in the poorer nations are in open revolt against trebling staple food prices. The traders, however, are not ruffled; their 'business activities' do not include moral considerations or human kindness.

The American president, George ‘Iraq holocaust’ Bush, praises this new heartless, mega-wealthy class as possessing all the qualities of the American business ethic – well, of course he would!

The link provides additional information for those who wish to pursue the topic.

COMMENTS

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 #   Title   Author   Date 
    Just blame it on China and India     Sreeram Chaulia via reed     Mon, May 5 2008, 8:21am 
    Profiteers Squeeze Billions Out of Growing Global Food Crisis     Geoffrey Lean via rialator     Mon, May 5 2008, 9:08am 



 
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