Showing posts with label poverty. Show all posts
Showing posts with label poverty. Show all posts

Friday, July 28, 2017

The Great Lie of the "American Dream": Capitalism perpetuates poverty in the USA

According to a New York Daily News report, earlier this month, the number of homeless people living on New York City's streets surged by nearly 40% this year, according to the results of an annual count. "There were 3,892 homeless people on the street, the Homeless Outreach Population Estimate done in February found — up 39% since last year, when the number was 2,794, according to results released Wednesday" the report writes. 

New York City is of course an example which highlights the great problem of homelessness that affects the United States of America. According to the official data published by the U.S. Department of Housing and Urban Development (HUD) more than half a million people - a quarter of them being children- were homeless during 2015. 

Monday, January 2, 2017

Capitalism Unmasked: Numbers reveal the expansion of social inequalities in the 21st century

The poorest half of the world's population shares a bit under the 1% of the global wealth, while the richest 10% owns the 88% of the total global wealth. The 0.7% of the world's population owns 116.6 trillion dollars!

1. The richest 1% of the world's population controls half of the global wealth. Despite the economic crisis, the number of millionaires in a worldwide scale was increased during the last 12 months of 2016.

2. According to a survey by Credit Suisse, 3.4 billion people- the 71% of the world's population- share only 7.4 trillion dollars, less than the wealth of the 2,473 billionaires around the world. 

3. The total number of billionaires grew by 81% since 2009, a year after the collapse of Lehman Brothers, while their wealth was more than doubled. According to data provided by Wealth-X and UBS, 16.6 million people (0.334% of the global population) own 77 trillion dollars, which is almost the annual global GDP.

4. Approximately 211,275 millionaires (0.004% of the global population) own the 12.8% (29.7 trillion dollars) of the global wealth, while 2,325 billionaires own 7.3 trillion dollars.