China’s Fortune Cookie Crumbles 

With China’s increasing wealth, Western investors want some of the action. One of those investors is a bullish gentleman called George Soros. However, the Chinese are acutely aware that with Western investment comes inequality. So as Beijing begins to rethink how to do proper economic growth, can we expect that China will learn from Western mistakes?

Source: China’s Fortune Cookie Crumbles – CounterPunch.org

‘The Climate Crisis Is an Inequality Crisis,’ Says Ocasio-Cortez After Deadly Storm Hits Northeast 

“Among the people MOST at risk during flash floods here are those living in off-the-books basement dwellings that don’t meet the safety codes necessary to save lives,” said the New York Democrat.

Source: ‘The Climate Crisis Is an Inequality Crisis,’ Says Ocasio-Cortez After Deadly Storm Hits Northeast | Common Dreams News

 

“Billionaire Jeff Bezos could personally pay for enough vaccines for the whole world, yet he would rather spend his wealth on a thrill ride to space,” said Max Lawson, the head of inequality policy at Oxfam International. Bezos, the richest man on Earth, has seen his wealth grow by more than $79 billion during the pandemic, from $113 billion in March 2020 to $192.4 billion today, the new analysis finds.The organizations estimate that fully vaccinating the world’s entire adult population would cost around $70 billion, and a one-time $20,000 cash grant to all jobless workers would cost $4.4 trillion

.

Source: One-Time 99% Tax on Billionaires’ Pandemic Profits Could Fund Vaccines for the Entire World | Common Dreams News

 Game of psychopaths

And now we’re finding that just playing games that are based on psychopathic behavior like trying to wipe out your competitors and take all their assets triggers similar reactions in people to societal inequality itself. And some games are worse than others at this.And the game that’s the worst is Monopoly.Back in 1903 Lizzy Magie, a British feminist and socialist, patented the board game that we know today as Monopoly. She invented the game as a warning about the dangers of unrestrained, unregulated capitalism, although over the past hundred years that has been almost completely forgotten. As Chris Melore reports, “Monopoly stands out as the most debated—and most forbidden—board game of all time. In a recent survey of 2,000 U.S. residents, 20 percent say that their game nights with friends or family members are often or always disrupted by competitive or unfriendly behavior.”Perhaps the “good” news is that “only 11% of respondents said they witnessed a physical fight break out,” but Monopoly—a game that is based on the prime psychopathic value of taking everything for yourself and thus increasing inequality—seems to trigger the worst in us.

Source: Opinion | Psychopath-Driven Inequality Is Making Our Society Sick | Thom Hartmann

American Inequality Was Massive Before the Pandemic. It’s Gotten Far, Far Worse During It.

The pandemic has been taking the existing injustices of capitalism and exaggerating them to the point of cartoonishness. A case in point is a recent study that finds Wall Street bonuses have grown by more than 1,200% since the 1980s — while the federal minimum wage hasn’t been raised in over a decade.

Source: American Inequality Was Massive Before the Pandemic. It’s Gotten Far, Far Worse During It.