Thursday, June 13, 2013

The Wealthiest 10% own 85% of world's assets. UNFAIR WEALTH DISTRIBUTION

The world’s richest 10% accounted for roughly 85% of the planet's total assets, while the bottom half of the population – more than 3 billion people – owned less than 1% of the world’s wealth.
n December of 2011, the former deputy secretary of the Treasury in the Clinton administration, Roger Altman, wrote an article for the Financial Times in which  he described financial markets as “a global supra-government” which can “oust entrenched regimes... force austerity, banking bail-outs and other major policy changes.” Altman said bluntly that the influence of this entity “dwarfs multilateral institutions such as the International Monetary Fund” as “they have become the most powerful force on earth.”
With the formation of this “super-entity” – a veritable global supra-government – made up of the world’s largest banks and corporations exerting immense influence over all other corporations, a new global class structure has evolved. It is this rarefied group of individuals and firms, and the relations they hold with one another, that we wish to further understand.

http://www.alternet.org/economy/global-power-elite-exposed?akid=10567.294211.66jOK7&rd=1&src=newsletter854356&t=3

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