So you have no problem with the fact that America has only five and a half percent of the world's population but is grossly imbalanced with its consumption of the world's energy and resources. And that of the receipients of this wealth which comes from smaller nations that are pretty much under our control and sphere of influence, "one percent of US households now exceeds that of the 90 bottom percent."
You like playing keep, Lazarus?
>>>For example, the income gap between the fifth of the world?s people living in the richest countries and the fifth in the poorest doubled from 1960 to 1990, from thirty to one to sixty to one. By 1998 it had jumped again, with the gap widening to an astonishing seventy-eight to one. Poverty trends have worsened as well; there are 100 million more poor people in developing countries today than a decade ago. The assets of the three richest people on earth are greater than the combined Gross National Product of the forty-eight least developed countries. Even in the United States, where median earnings of workers more than doubled from 1947 and 1973, the past two decades have seen median earnings fall by almost 15 percent, with the earnings for the poorest 20 percent of households falling the furthest behind. In fact, the only segment of the U.S. population that has experienced large wealth gains since 1983 is the richest 20 percent of households. The net worth of the top 1 percent of U.S. households now exceeds that of the bottom 90 percent.<<<
sentienttimes.com
The below is lengthy, but worthy of consideration:
nytimes.com
Frankly, I sorta go along with the following, and I'd love to see my country, the United States of America, as a world leader toward the below goal. Wouldn't you?
Elimination of poverty is simple:
The impoverishment of the developing world is understandable once one learns how "plunder by trade" locks the world into violence and war.
Eliminating poverty is not philosophically complicated; Eliminate the monopolization of land, technology, and finance capital and equalize pay for equally productive work, both within internal economies and between trading nations. Once all nations and all people have access to technology and their labor is paid equally for equally productive work, the buying power of labor in different nations, and within nations, will equalize. Eliminating those monopolies will instantly distribute a share of the wealth to all members of society even as economic efficiency increases and produces more wealth. This is a more cooperative and democratic capitalism that will assure all rights for all people.
-- J.W. Smith, President and Director of Research, the Institute for Economic Democracy.
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