Unequal Wealth Is Scary

Unequal Wealth Is Scary

Posted 2014-01-21 by Parent's Wisdom follow
Image Courtesy of anankkmi FreeDigitalPhotos.net

Oxfam recently released the report “The Cost of Inequality: How Wealth and Income Extremes Hurt Us All.”

Source: http://www.oxfam.org/sites/www.oxfam.org/files/cost-of-inequality-oxfam-mb180113.pdf

The report outlined how the extreme concentration of wealth for a few actually hinders the worlds efforts in reducing poverty. So we can have all the world aide concerts we like with Bono and Sir Bob, but at the end of the day if we have 100 of the worlds richest people earning more than 240 billion (enough money to end extreme poverty) we really have no hope. There is good news for those 100 billionaires however. If they are looking to invest, then why not try the luxury goods market. This market has seen double digit growth for the past five years, when other industries are dying. This alone paints a real picture of inequality. Ok, so this is pretty depressing stuff from where I'm standing, so I figured I had better start thinking about alternatives and solutions if I was really going to make changes as a parent. I also had to dig deeper.

While I know this intellectual stuff about consumerism, why did I still participate fully in the consumerist madness? Why couldn't I change my behaviour?


251847 - 2023-07-18 07:28:38


Copyright 2024 OatLabs ABN 18113479226