Capitalism is itself a giant income redistribution scheme, transferring money from the poor to the rich.
Last week I looked at the 1977 Science Council of Canada report “Canada as a Conserver Society.” The report recommended “Canadians as individuals, and their governments, institutions, and industries, begin the transition from a consumer society preoccupied with resource exploitation to a conserver society engaged in more constructive endeavours.”
Chief among the latter, as UN Secretary General Antonio Guterres stated in February, is that “Extreme wealth and extreme poverty rage on. The gulf between the haves and have nots is cleaving societies, countries and our wider world.” In a November 2019 column I noted that Bruce Boghosian, a professor of mathematics at Tufts University, reported in an article in Scientific American that “far from wealth trickling down to the poor, the natural inclination of wealth is to flow upward, so that the ‘natural’ wealth distribution in a free-market economy is one of complete oligarchy” — a situation in which one person owns everything. Importantly, he adds, “it is only redistribution that sets limits on inequality.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
'RADICAL DISDAIN FOR WOMEN:' Justin Trudeau blasted after trans powerlifter sets Canadian recordPrime Minister Justin Trudeau and powerlifting in Canada is under fire after a trans athlete set world records at Canadian championship.
Lire la suite »
Federal government plans to sell stake in Trans Mountain pipeline expansion to Indigenous groupsThe federal government has taken the next step in its commitment to offering Indigenous groups an opportunity to buy into the Trans Mountain pipeline expansion project.
Lire la suite »
'RADICAL DISDAIN FOR WOMEN': Justin Trudeau blasted after trans powerlifter sets Canadian recordPrime Minister Justin Trudeau and powerlifting in Canada is under fire after a trans athlete set world records at Canadian championship.
Lire la suite »
Regulator slows Trans Mountain proposal for higher shipping feesCanada's energy regulator says it won't rubber-stamp Trans Mountain's higher shipping fees. Those fees are needed to pay off the federally owned project's already ballooning debt.
Lire la suite »
Jays Waste Great Kikuchi Start, Lose to GuardiansJays 0 Guardians 1 Yusei Kikuchi was terrific tonight. He allowed just 3 hits (unfortunately, 2 of them came in a row), 1 walk, with 6 strikeouts over 7 innings. Kikuchi had some bad luck in the...
Lire la suite »