During my university education, we were taught that all what matters is shareholder value. The recent debate in the US about minimum wage is all about shareholder value. In human capital intensive industries (employing people is expensive and exhausting) shareholder value matters more than the people delivering the work being paid enough to live. Google […]
Wealth Inequality
The 1% start responding to the Oxfam report….but how.
The response of Canadian businessman & investor Kevin O’Leary to earlier mentioned ineqiuality report from Oxfam is “It’s fantastic. It inspires everybody, gets them motivation to look up to the 1% and say, ‘I want to become one of those people, I’m going to fight hard to get up to the top. This is fantastic […]
Oxfam Reports: Just 85 People Who Are As Wealthy As Half The WORLD
From the report: “This massive concentration of economic resources in the hands of fewer people presents a significant threat to inclusive political and economic systems. Instead of moving forward together, people are increasingly separated by economic and political power, inevitably heightening social tensions and increasing the risk of societal breakdown.” And then keep in mind […]
Inequality – some recent comments from the pope, Obama & Paul Krugman
First watch this video, a discussion between Paul Krugman (Professor of Economics and International Affairs at Princeton University, a 2008 Nobel laureate, and an Op-Ed columnist for the New York Times) and Sir Tony Atkinson, Professor of Economics at the University of Oxford, Then read this very powerful statement of the pope about inequality here. Some for the […]
Wealthiest family in America by Jamie Johnson and Nick Kurzon
The One Percent is a 2006 documentary about the growing wealth gap between America’s wealthy elite compared to the overall citizenry. It was created by Jamie Johnson, an heir to the Johnson & Johnson fortune, and produced by Jamie Johnson and Nick Kurzon. The film’s title refers to the top one percent of Americans in […]
The United States of Inequality
When I watched this I was totally stunned. I did no think it is that worse and I wonder how it is in Europe. The top 1% in the USA own 40% of the total wealth.