Why We Need To Ditch Austerity And Take On The Global 1%

Source: www.telesurtv.net | Original Post Date: April 21, 2015 –

Inequality is not a symptom of the ills of global capitalism, it is its fuel.

By next year, the richest 1% of the world will own more wealth than the rest of the entire population of the planet, according to Oxfam. This is a staggering figure, almost impossible to comprehend. And yet, this fact alone puts into focus a harsh truth: that we live in a fierce, inhuman, capitalist world where a handful of the richest people get richer and more powerful, even as governments across the globe enact austerity measures against the working class.

It is completely ludicrous that governments are carrying out austerity policies while the global 1% are set to clutch over half of the world’s wealth by next year. But here we are, watching the impossible unfold right in front of our eyes.