- Date published:
11:03 am, March 29th, 2016 - 35 comments
Categories: class war, climate change, colonialism, Economy, energy, farming, Financial markets, food, loan sharks, monetary policy, overseas investment, peak oil, poverty, sustainability - Tags:
As the global elite and their operational enablers – the highly educated, well rewarded professional classes in banking, finance, corporate M&A, etc. – systematically destroy savers, the middle class, and youth employment, they are (slowly) realising that they are not immune from the resulting political and and social unrest.
With growing inequality and the civil unrest from Ferguson and the Occupy protests fresh in people’s mind, the world’s super rich are already preparing for the consequences. At a packed session in Davos, former hedge fund director Robert Johnson revealed that worried hedge fund managers were already planning their escapes. “I know hedge fund managers all over the world who are buying airstrips and farms in places like New Zealand because they think they need a getaway,” he said.
But as former New Zealand prime minister and now UN development head Helen Clark explained, rather than being a game changer, recent examples suggest the Ferguson movement may soon be forgotten. “We saw Occupy flare up and then fade like many others like it,” Clark said. “The problem movements like these have is stickability. The challenge is for them to build structures that are ongoing; to sustain these new voices.”
Clark said: “Solutions are there. What’s been lacking is political will. Politicians do not respond to those who don’t have a voice In the end this is all about redistributing income and power.”
She added: “Seventy five percent of people in developing countries live in places that are less equal than they were in 1990.”