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“ break free of the 1 % and their construct is not just possible , it has become necessary . It is a human necessity because participating in a world of limitless covetousness , profit , violence and power robs us of our humans . ” — VANDANA SHIVA
We can sow another future when we deepen our democracy , rectify our park and rejuvenate the earth“rich in our diversity and exemption , one in our oneness and interconnectedness . ”
This , then , is sizeable , necessary way of life forward — where humans reconnect to other life history . This is the Oneness we must push for .
The chase is an excerpt fromOneness vs. the 1%byVandana Shivaand Kartikey Shiva . It has been conform for the WWW .
1% is not just a number, it is a system, an economic system shaped by the rich and powerful, where unbridled greed and accumulation are seen as virtues to be rewarded by society, instead of aberrations which must be kept within limits through social and democratic processes.
It is a model in which who produces , what is produced , or whether anything at all is in fact create , are questions that disappear from the economic equation . They are supersede by tools of money - qualification , money making money , or what Aristotle call ‘ chrematistics ’ . It effectuate an economical apartheid between the rich person and havenots , which translate into an ecological apartheid between the lives and live- nots , not just in the human kinfolk , but in the world family . The rise of the 1 % embodies a will to take out , an urge to exterminate . Its inevitable result are ecocide and racial extermination .
The Oxfam composition , ‘ An Economy for the 1 % ’ , bring out that the richest 1 % own as much as 3.6 billion the great unwashed do — the bottom 50 % of humanity.1While the wealth of the plentiful 62 people in the world increase by more than 45 pct between 2010 and 2015 — an addition of more than half a trillion dollars , from $ 542 billion to $ 1.76 trillion — the riches of the bottom one-half fall by just over a trillion dollar bill over the same period — a drop of 38 percent .
In 2010 , 388 individuals had as much wealth as the poorest half ; in 2011 , the figure was 177 ; in 2012 , it dropped to 159 ; in 2013 , it go down further to 92 ; in 2014 , it was 80 ; and in 2017 , the form came down to just eight.2
Today , the financial sphere , where the rich make money out of money , has increase to 15 percent of the GDP in most nation worldwide , including India and the US.As the Oxfam theme point , in the economy of the 1 % , 437 of the largest corporation in 2014 were fiscal , and their assets were five times greater than those of corporations in other sectors .
Financial deregulation , which include removing the separation between savings and investing , created an thriftiness based on speculation , with the fiscal economy pass the real economy and depleting it of oxygen in multiple style .
From 2009 , when the big Recession officially ended , through 2012 , the top 1 percent of Americans raked in 95 cents out of every dollar mark of increased income . Almost one - third of the internal gain run to just 16,000 households , the top 1 percent of the top 1 pct , as Thomas Piketty and Emmanuel Saez ’s psychoanalysis of Internal Revenue Service ( IRS ) data shows.3
The income changes for the immense absolute majority are just as revealing . The bottom 90 percent saw their average incomes rise 8.8 percent in 1934 over the previous class ( the yr 1933 scar the beginning of convalescence from the Great Depression ) , and in 2012 , the same statistical group had to get by on 15.7 percent less than in 2009 .
Piketty points out that the 1 % made more money from capital investment , whereas others get money from wages ; because capital income is unequally distributed , it lead to growing inequality .
He shows that whether capital is taxed or not , inequality will develop under current policy because savings from current wages and salary can not farm as much as returns on exist wealth . consort to Piketty , the process of conglomerate ‘ becomes more rapid and inegalitarian as the return on capital rises and the [ overall economic ] growth rate descend . ’
The 1 % saving is not just a organisation of economic inequality ; it has implication for the satellite , for society , and for democracy , because it symbolize a organisation of thought and an intellectual prototype , based on a worldview of separation , descent and liquidation .
Recommended Reads
Lessons From a Small Country
The 5 Rules of Lean Thinking
Oneness vs. the 1%
Shattering Illusions , Seeding Freedom
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