Business and Economy, Climate change, Community cohesion, Distribution of wealth, Extreme poverty, FOUNDATIONS /FORUM THINK TANKS, Globalization, Inequility, Sovereign wealth fund
This is a vast subject on which millions of knowledgeable words have been written down the centuries with little or no effect.
I am sure you will agree however no matter who was writing it is the people who are in pursuit of social change, and constantly bring attention to issues of equal rights and privileges, are often the people who do not have them. The ones who suffer daily from different levels of multidimensional inequality are the ones that see it is impossible to be politically equal.
The source of present day conflicts.
The majorities at the bottom of the apex, with very limited power, are unable to make choices that would bring them to their ends.
It is easy for us to say what should be done, but few of us can carry out what needs to be done.
ALL THOSE WORDS AND VOILA! WHERE ARE WE TO DAY?
With a Capitalist market which is earthly constructed that can only dole out earthly rewards.
If we continue to have so many social and economic inequalities our standard of living seems to be declining because we aren’t economically equal.
Some say in order to remove inequalities we must increase the minimum wage to a living wage. This will indeed save the middle classes and in doing so could reduce the need for food banks, social welfare benefits, and the like. In my view it would be a mistake to focus on growth and let inequality take care of itself, not only because inequality may be ethically undesirable but also because the resulting growth may be low and unsustainable.
Equality will not stop inequality of opportunity, education, health nor will it take people out of poverty. It will only move the reasons for inequality to a higher plane.
The drive to higher and more sustainable growth does not in itself support efforts to the redistribute of wealth.
There is an argument that a re-distributive system will slow innovation on quality of life improvements. Further, re distributive policies rely on the wisdom of the ‘redistributor.’ Freedom to choose those resources has been moved to the bureaucrat and politician and will ultimately lead us down the path of financial protectionism.
Now you might not agreed with the content of the above Paragraph but it is already in progress with more and more countries turning to Sovereign Wealth Funds’ (SWF) to protects their futures. ( See Previous blogs)
These Funds have no outside beneficiaries or liabilities (beyond the government or the citizenry in abstract) they invest their assets, either in the short or long-term, according to the interests and objectives of the sovereign sponsor.
More and more Governments around the world see SWFs as an insurance policy for a potential future problem.
Political equality the most value of democratic theory. The idea that all have the capacity to make political and moral decisions and that we are equally qualified to rule is a long way off, if ever has long gone out the window.
What are the chances now that we have the start of Climate change that we can act as one. Fat chance of that coming about as the Climate is a salable product- CO2 carbon credits ( not worth the paper they are written on)
There is much work to be done Globally in a tight time frame if we don’t want mass immigration.
Development is about people: either poor people have ways to become richer where they are now, or they can become rich by moving somewhere else.
Rest assured that with CLIMATE CHANGE THIS IS EXACTLY WHAT IS GOING TO HAPPEN.
With this in mind, it seems that most of these theories about re distribution of wealth come from fairly elite class perspectives and, in turn, tend to be more pessimistic about bringing change to the inequalities they are evaluating.
When in fact what will happen is that these SWFs will reach out to each other taking advantage of the forthcoming crisis forming partners or in “clubs.”capital.
These funds that Sovereignty Wealth Funds bring to the table are committed to improving their investment capabilities not reducing income inequality. They have taken advantage of the financial crisis by acquiring valuable human resources which has nothing to do with improving the quality of living for the masses.
If not Capped they will along with Climate Change they will rewrite the map of global.
There is only one solution. Make Greed Contribute. ( See previous Blogs)