62 individuals now own more wealth than the poorest 3.6 billion people on the planet.
Read more » Oxfam
See more » https://act.oxfam.org/canada/ask-our-new-prime-minister
62 individuals now own more wealth than the poorest 3.6 billion people on the planet.
Read more » Oxfam
See more » https://act.oxfam.org/canada/ask-our-new-prime-minister
A credit suisse report has revealed richest 1% Indians owns 53% of country’s wealth while the top 10% owns 76.30% of the country’s wealth.
Courtesy: The Logical Indian
An economic system that rewards psychopathic personality traits has changed our ethics and our personalities
By Paul Verhaeghe, theguardian.com
We tend to perceive our identities as stable and largely separate from outside forces. But over decades of research and therapeutic practice, I have become convinced that economic change is having a profound effect not only on our values but also on our personalities. Thirty years of neoliberalism, free-market forces and privatisation have taken their toll, as relentless pressure to achieve has become normative. If you’re reading this sceptically, I put this simple statement to you: meritocratic neoliberalism favours certain personality traits and penalises others.
There are certain ideal characteristics needed to make a career today. The first is articulateness, the aim being to win over as many people as possible. Contact can be superficial, but since this applies to most human interaction nowadays, this won’t really be noticed.
It’s important to be able to talk up your own capacities as much as you can – you know a lot of people, you’ve got plenty of experience under your belt and you recently completed a major project. Later, people will find out that this was mostly hot air, but the fact that they were initially fooled is down to another personality trait: you can lie convincingly and feel little guilt. That’s why you never take responsibility for your own behaviour.
On top of all this, you are flexible and impulsive, always on the lookout for new stimuli and challenges. In practice, this leads to risky behaviour, but never mind, it won’t be you who has to pick up the pieces. The source of inspiration for this list? The psychopathy checklist by Robert Hare, the best-known specialist on psychopathy today.
Continue reading Neoliberalism has brought out the worst in us
Info graphics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.
Courtesy: YouTube
Courtesy: Daily Motion
You can’t deny Al Gore’s knowledge & intelligence. A thought provoking book, every page of his book offers new insights. A must read book. In his book “The Future: What are the drivers of global Change”, he writes; “The dominance of wealth & Corporate influence in decision making has so cowed most politicians that they are scared to even discuss this existential threat in any meaningful way. (Page 323)
“With rare exceptions, the majority of legislators are no longer capable of serving the public interest because they are so dependent on Campaign Contributions from these corporate interests & so vulnerable to their non-stop lobbying.” — “It is profoundly troubling that special interests have been able to Capture Control of decision making & policy formation.” (page 326)
“ … Greece is only the best known of many examples of countries no longer able to make decisions for themselves. It must first get permission from the European Union, which supports it, and international Banks, which holds its debt.”
“U.S self-government is now about completely dysfunctional, incapable of making important decision necessary to realm control of its destiny.”
“The inequality in the distribution of wealth, property and income in the United States is now larger than at any time since 1929. The outbreak of the Occupy Movement has been driven by the dawning awareness of the majority of Americans that the operations of democratic Capitalism in its current form are producing unfair & intolerable results. But the weakened state of democratic decision making in the U.S. and the enhanced control over American democracy by the forces of wealth & corporate power, have paralyzed the ability of the county to make rational decisions in favour of politicians that would remedy these problems” (Page 121)
“Corporate “Persons” on the other hand now often seen to have little regard for how they can help the country in which they are based, they are only concerned about how that country can help them make more money.”
“Some political Scientists have asserted that the influence of corporations on modern governance is now almost analogous to the influence of the medieval Church during the era of feudalism” (page 125)
“Ruther Ford B – Hayes, to complain that, “this is a government of the people, by the people, and for the people no longer. It is government of corporations, by corporations & for the corporations.” (Page 106)
“It is now common for lawyers representing Corporate lobbies to sit in the actual drafting sessions where legislation is written and to provide the precise language for new laws intended to remove obstacles to their corporate business plans – usually by weakening provisions of existing laws & regulation intended to project the public interest against documented excesses and abuses. Many U.S. state legislatures often now routinely rubber stamp laws that have been written in their entirely by Corporate Lobbies.
Having served as an elected official in the federal government for the last quarter of the 20th century, and having observed it closely before that period, and since, I have felt a sense of shock and dismay at how quickly the integrity & efficacy of American democracy has nearly collapsed. There have been other periods in American history when wealth & corporate power have dominated the operations of government but there are reasons for concern that this may more than a cyclical phenomenon particularly recent court decisions that institutionalize the dominance & control of wealth & corporate power. “(Page 104-105)
By Tahir Mehdi
Are all Pathans stupid? It can’t be. Then why are they normally the butt of every other joke? Is there something sinister behind this stereotyping? Since most of these jokes are community creations, I would rather not look for a ‘well-hatched’ conspiracy theory.
But then why are Pathans portrayed the way they are? I recalled all the Pathans that I have ever interacted with, one by one, from my college days, from my professional life, from my neighborhood, my social circles, Facebook friends. The identification parade told me that some of them did live up to the stereotype, but there is no indication of an abnormally high tendency for joke-worthiness among Pathans.
All communities carry all colors and characteristics, and it is the competing and conflicting interests of various communities that make them exaggerate and twist some of those. I have used this formulation to explain away all the community stereotypes that we frequently encounter. While I still may not mind laughing at a Pathan joke, this explanation helps me guard against letting this fun convert into a discriminatory attitude. But let me admit, that I have struggled with the stereotype of a Sindhi far longer. Are Sindhis docile, smug and the least entrepreneurial people? Most of my friends think so. One joked that if a Sindhi has to go to even the railway station in his hometown, he falls homesick and immediately starts calling himself a pardesi! This proved to be a tough test for my formula to fight off such stereotypes.
I decided to hold an identification parade for all the Sindhis that I had ever interacted with – my college fellows, colleagues, neighbours, friends and all. That’s when I realised all the Sindhis I knew could be counted on the fingers of one hand. Had I not attended a college that had a quota for students from all provinces and areas of Pakistan, I am sure I would have befriended none. I then decided to look into the statistics.
£13tn: hoard hidden from taxman by global elite
• Study estimates staggering size of offshore economy
• Private banks help wealthiest to move cash into havens
A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary £13 trillion ($21tn) of wealth offshore – as much as the American and Japanese GDPs put together – according to research commissioned by the campaign group Tax Justice Network. ….
Read more » guardian.co.uk
Via – Twitter
Philippines’ top judge ousted in victory for Aquino
By Stabroek editor
MANILA, (Reuters) – The Philippine Senate voted today to remove the country’s top judge for failing to disclose his wealth, a landmark victory for President Benigno Aquino as he pushes a campaign to root out endemic corruption in the Southeast Asian nation.
More than two-thirds of the 23 senators voted to oust Supreme Court Chief Justice Renato Corona, who becomes the first official in the country to be removed by an impeachment court. The decision bars him permanently from public office.
The ruling is likely to be welcomed by investors amid concern that the four-month-long trial was distracting the government from policy matters at a time when the Philippines is seeing a resurgence of interest in its long-underperforming economy. ….
Read more » Stabroek News
Raise Corporate Taxes, Create Jobs, Raise Wages and Living Standards! Curb Corporate Power!
The CPC (Ontario) has condemned the Ontario Budget, delivered yesterday, as a massive attack on working people and the poor that will destroy tens of thousands of jobs, drive down wages, pensions, incomes and living standards, and which, combined with the austerity measures in Thursday’s federal budget, could push the province into another deep economic recession.
The Executive Committee of the CPC (Ontario) also warned that the threat of legislated wage controls is a dangerous attack on free collective bargaining and on civil and democratic rights.
We are asking everyone to come out and demonstrate Saturday, to bring friends, relatives, workmates, and everyone who cares about democracy and the objectives of the Occupy Movement, which is to oppose the gross wealth being accumulated by the rich and powerful 1% at the expense of the 99% – the rest of the population whose wages and incomes have fallen dramatically, many of whom are unemployed and under-employed, many of whom are poor and very poor, and many more who are youth and whose lives and futures have been dramatically altered by the insatiable greed of the most powerful corporations and the richest people in the world.
Join the rally at the corner of Jarvis and King at 1:30 pm, Saturday, to march & distribute People’s Voice, and our statement in support of the Occupy movement.
Please RSVP to erowley@live.ca to help, or for more info.
Comradely and in Solidarity!
Liz Rowley
In agricultural society, live stock represents wealth and hence sacrifices. In an urban society wealth is represented by money. If one contributed the equivalent of the price of a goat or a cow to charity — i.e. feeding the poor, donating to hospitals etc, it should have the same effect
Every year, on Eid-ul-Azha (3 days long annual Muslim Festival, starting in a few days, during which animals are sacrificed to please Allah), I feel as if I am living in one of the ancient civilizations ….
Read more » ViewPoint
For decades, we have heard, and chanted, slogans against the evils of capitalism. We have witnessed the monopolization of multinational corporates and intensifying ratio of starvation, growing side by side. We have seen so many wars, imposed in the name of peace. We have heard enough lies about the people’s struggle and their achievements of the past. We have watched the world transforming into a global village of miseries, poverty, bloodshed, hunger and oppression. Now, the masses, all over the world, seem to realize the root cause of all the miseries: exploitation of man’s labour by man. Capitalism is failing. The world is changing!
It is a historical moment for us. The advocates of free-market economy are shaken by the series of protests that, starting from the New York City, have captured the hundreds of cities all over the world. These protests represent the awakening class-consciousness of the masses that has culminated in the Occupy Wall Street Movement. These occupy activists have gathered to change the existing economic inequality of the system. They have always been taught that Marx was wrong in his critique of capitalism. They have realized the empirical evidence of the opposite.
Karl Marx, in the 19th century, had explained the inevitable presence of exploitation as an essential ingredient of capitalism. The German social scientist had proved that, in any society, the exploitation takes place when a few people own all the means of production and the majority, who doesn’t own anything, is bound to sell its labour to that minor class which accumulates private property. While, the state functions to protect that unequal distribution of wealth, assuring the widening class-differences.
The NY Post has referred the Occupy Movement as the New York’s ‘Marxist Epicenter’. It has countered the myth, propagated by the media, that the occupy activists are a breed of bored, hippie-like folks who are doing some adventurism to seek attention. According to their report, the flags depicting revolutionary icons can be seen everywhere, showing their ideological commitment. Moreover, the ‘occupiers’ openly refer to each other as ‘comrade’, a term used by the left-wing worldwide, meaning ‘friend’ or ‘ally’. Their literature openly declares Socialism as a cure of all the prevailing problems.
At this historical moment, the Pakistan’s left is reorganizing like their counterparts of the West. We have a long history of youth’s struggle against the dark military regimes. From the Democratic Students Federation’s front ‘Red Guards’ to the Lawyer’s movement, our young activists have always stood for the people’s cause. Continuing their legacy of internationalism, Pakistan’s left parties have decided to start anti-capitalist camps, initiating from Lahore, not only for the solidarity for the Occupy Wall Street movement, but also as a continuous struggle to change our indigenous problems. We need to realize the importance of this revolutionary wave. We need to be in the flow. For how long the people will continue to suffer and dream for a better society? The time has come to make those dreams an existing reality. The time has come to reject all the confused liberators. The time has come to chant, ‘Occupy Islamabad!’
But, unfortunately, the state is not the only thing to occupy, in our case. We are aware that Pakistan suffers from multiple complex issues. We don’t only have the corrupt feudal political families and their huge palaces to occupy; we have millions of minds to occupy which are burning in the flames of religious fanaticism. We have to occupy the rising sectarian mindset of the people. We have to occupy the religious rage to assure peaceful coexistence of everyone. We have to occupy the narcissistic prism and replace it with rationality and realism. We have to occupy the filth of the society and the filth within. And we, the people, can do that! We can do that because we are the 99 percent!
Courtesy» The Express Tribune
By Farooq Tirmizi
How valuable is one’s wealth if it is buried underground and one has no way of getting it out? And what would one say to somebody who came along and volunteered to extract this wealth, providing all of the technical expertise and putting up the entire investment costs, and letting you keep half of the profits? Would it be fair to say that this person was indulging in exploitative behaviour? Or would we say that a fair deal was on offer?
The above scenario is not hypothetical. It is exactly what is currently going on in the case of the Reko Diq mining project in Balochistan. The Tethyan Copper Company, a joint venture between Canada’s Barrick Gold and Chile’s Antofagasta, has spent $220 million to explore the Reko Diq area and, having discovered a feasible reserve of minerals, is now willing to spend the further $3.3 billion it would take to extract the minerals. And yet it is being treated like a neo-imperialist villain out to pillage Pakistan’s national treasures. …
Read more : The Express Tribune
By DAVID D. KIRKPATRICK
HAMMAMET, Tunisia — This ancient Mediterranean hamlet, advertised as the Tunisian St.-Tropez, has long been the favorite summer getaway of President Zine el-Abidine Ben Ali and his large extended family, many of whom have built vast beachfront mansions here with the wealth they have amassed during his years in power.
But their new and conspicuous riches, partly exposed in a detailed cable by the American ambassador and made public by WikiLeaks, have fueled an extraordinary extended uprising by Tunisians who blame corruption among the elite for the joblessness afflicting their country. …
Read more : The New York Times
Courtesy: GeoTV (Choraha with Hasan Nisar & Yasir Pirazda, 13 Nov. 2010)
via – ZemTV/ JustinTV – YouTube Link
A woman came out of her house and saw 3 old men with long white beards sitting in her front yard. She did not recognize them. She said “I don’t think I know you, but you must be hungry. Please come in and have something to eat.”
“Is the man of the house home?”, they asked. “No”, she replied. “He’s out.” “Then we cannot come in”, they replied.
In the evening when her husband came home, she told him what had happened. “Go tell them I am home and invite them in!” The woman went out and invited the men in” “We do not go into a House together,” they replied. “Why is that?” she asked.
One of the old men explained: