Rich become Richer, the Poor, Poorer – 62 Rich persons own as much as half of the world population
What the working class and their leaders have been telling all along, is being proved again and again. According to Oxfam, an anti-poverty charity organization, 62 rich persons have accumulated wealth equal to that of the half poorest population of the world.
Earlier it was 388 rich persons who had equal wealth of half of the population in 2010. Next year it was reduced to 177 persons. After the next four years, in 2015, it has reduced to the present position. There is no limit to the unbelievable growth of the rich persons.
Oxfam suggests the following to change the scenario:
- Pay Living Wage to the workers and close the gap with executive rewards
- Promote women’s economic equality and women’s rights
- Keep the influence of powerful elite in check
- Change the global system for R&D and the pricing of medicines so that everyone has access to appropriate and affordable medicines
- Share the tax burden fairly to level the playing field.
- Use progressive public spending to tackle inequality
- World leaders should agree a global approach to end the era of tax heavens
Suggestions are welcome. But the capitalist and imperialist leadership of the world will induct policies which will further sharpen the economic divide. Sustained struggle by the working class unitedly all over the world will only make some change. Socialism is the Future. ( With inputs from EconomicTimes)
VAN Namboodiri's Blog 