Davos Billionaires Keep Getting Richer - World Economic Forum 2019

[Betty Draper]

It’s pretty mind blowing that this is the situation we are in today. I guarantee you it won’t last. We are reaching breaking points. The 08 recession really shattered illusions. Trump, Bolsnaro, Duetere(?), Brexit. All signs of ordinary people fed up with the system and inequality that global capitalism brings (there is racism and xenophobia mixed in but still).

People have fallen for demagogues but once they realise these ‘speak their mind’ leaders are basically the same as the polished, PC politicians. They’ll lose their minds and that’s when shyt will really pop off. I imagine Africa, South America and huge parts of Asia will have revolutions in 10-30 years. The wealth gap is too crazy, you have huge chunks living on $1 a day or less, living in shanty towns and millionaires/billionaires in mansions driving Bugattis in potholed streets. shyt makes no sense. The changes will be similar to the Russian revolution, they had a wild wealth gap as well. I just hope it isn’t too violent.

 

[Betty Draper]

Didn’t House Of Cards touch on this? These people are the true ‘deep state’. They’ve got politicians by the balls. They’re the main reason why our leaders aren’t making any movements on climate change.

 

[BushidoBrown]

does this have something to do with betsy davos?
also as an fyi betsy davos is the sister of eric prince.

 

[FAH1223]

 

[FAH1223]

‘Talk’s not good enough’: Oxfam chief slaps down Davos elite on inequality
Yahoo is now part of Oath

Tom Belger
Contributor
Yahoo Finance UK January 25, 2019

Oxfam international executive director Winnie Byanyima. Photo: REUTERS/Andrew Kelly/File Photo

The head of aid charity Oxfam has slapped down the global elite gathered at Davos, telling top CEOs and politicians that talking about inequality is “not good enough.”

But Winnie Byanyima, executive director of Oxfam International, gave top firms and government leaders short shrift in a blistering attack at one of its final events today.

“Extreme inequality is out of control. It’s undermining our economies, fracturing our societies, fueling crime and ill health. It’s bad for everyone and yet we just talk about it,” she told them.

“Talking about it is not good enough. It’s a result of political choices governments have chosen to make, and we want businesses to commit to good behaviour, not dodging paying their fair share.”

She blamed huge cuts to income and wealth taxes and the rise of tax havens in recent decades for soaring inequality.

Business chiefs in the room may not have welcomed her assault on an economic model that has “grown to maximise profit for a few owners of capital and cheat everybody else.”

Byanyima accused the leaders of big retail and poultry firms of not paying taxes while people working for them were fired for being pregnant in Bangladesh and forced to wear nappies in US factories as toilet breaks were banned.

Alicia Barcena Ibarra, executive secretary of the UN’s Economic Commission for Latin America and the Caribbean, agreed with Byanyima that tackling inequality need not mean harming economic growth.

“We are proving with numbers there’s no longer this big trade-off in economic thinking – that you either have equality or efficiency.

“The most efficient economies in the world, equality is embedded in their model of development,” she said, pointing to Nordic countries’ success.

The stated mission of the World Economic Forum (WEF), which organises the summit, is to “improve the state of the world” through global co-operation and innovation.

The WEF says its events have helped global figures achieve significant breakthroughs on many economic and political issues since it began in the early 1970s.

But the summit itself has become widely associated with the perceived failures of globalisation, as well as the wealth and power of a transnational elite.

The sight of billionaires and presidents rubbing shoulders and sipping champagne at a ski resort has never helped its image."

Oxfam releases a report on inequality ahead of the summit each year, with its 2019 research suggesting the richest 26 people on the planet have as much wealth as the poorest half of the global population.

 

[FAH1223]

 

[dtownreppin214]

 

[hashmander]

former CFO of yahoo. i wouldn't even stand up to make a comment parroting trump bullshyt that would draw attention to the fact that i was involved in running that company into the ground. i bet he got a nice golden parachute in spite of being bad at his job so that he could fly his ass to davos.