Saturday, 19 January 2013

The top 0.00000142900%

'Oxfam said the world's poorest could be lifted out of poverty several times over should the richest 100 billionaires give away the money they made last year.
Without pointing a finger at individuals, the charity argued that the $240bn (£150bn) net income amassed in 2012 by the richest 100 billionaires would be enough to make extreme poverty history four times over.'
With the population of the planet nearing seven billion, I estimate that these 100 individuals roughly comprise 0.0000142900% of the world's population. The miserism of whom permits  the lives of over two billion people to be unspeakably unbearable and existentially barren. As Nelson Mandela once said:  Overcoming poverty is not a task of charity, it is an act of justice. Like slavery and apartheid, poverty is not natural. " Poverty is indeed no less violent towards than human condition than segregation or enslavement; in fact, it implicitly institutionalises them both to accumulate this capital, which is mostly not earned, but accumulated in high interest bank accounts, and offshore tax shelters, where as much as $31 trillion has been accrued. Not to forget "developed" western societies  where living standards are being systematically undermined generationally: "The report found that the richest 1% had increased their incomes by 60% in the past 20 years, with the financial crisis accelerating rather than slowing the process." Acceleration, of course, including state capitalist subsidisation of financial firms funded through austerity's (miserism's) destruction of societies' social fabrics, to an extent seemingly aspiring to match social decay seen in African nations. This being why organisations like Oxfam are being obliged to comment on the state-imposed starvation of children in nations like Britain and Greece, as much as Ethiopia. 

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