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.
Well, it’s over. After nearly a century of self-promotion, the American Dream has been officially declared over. Donald Trump declared, during his 2016 campaign, “Sadly, the American dream is dead. But if I ever get elected president, I will bring it back bigger and better than ever.” He advocated a slogan that looked backward to More
“It’s not just Covid care that’s unaffordable. Patients with heart disease, asthma, and diabetes need protection too. Medicare for All is the long-term answer.”
As nearly 30 million Americans have filed for unemployment in just six weeks and millions worldwide face hunger and poverty, we look at the global economic catastrophe triggered by the pandemic and its impact on the most vulnerable. As the World Food Programme warns of a massive spike in global hung
Historical and generational trauma affect Black and other marginalized communities, and ongoing inequality is making the coronavirus pandemic worse among those groups.
Increasing inequality and the climate crisis are pushing the world towards another financial disaster, the International Monetary Fund chief said Friday—a warning, according to one anti-poverty group, that should be taken seriously.IMF managing director Kristalina Georgieva made the remarks in a speech at the Peterson Institute for International Economics in Washington, D.C.
New research finds that solar geoengineering — the intentional reflection of sunlight away from the Earth’s surface — may reduce income inequality between countries.
Source: Can solar geoengineering mitigate both climate change and income inequality? Potential economic benefits of reversing rising temperatures would benefit developing countries greatly, representing a global GDP growth of 200% — ScienceDaily
Supporters of a wealth tax to combat persistent economic inequality in the U.S. pointed to recent polling by Reuters/Ipsos showing that nearly two-thirds of respondents support taxing the rich at higher rates to support programs that would benefit all Americans.