Richest 20% take 82.7% of world’s income. Is that sustainable?
Especially when you look at a guy like Henry Kravis:
who, according to director Robert Greenwald, “is a billionaire, the 57th richest person in America. He acquired this wealth by purchasing public companies with borrowed money. To pay off the debt, he cuts benefits at the company, sells its assets, and lays off employees.
This get-rich-quick scheme made him $450 million last year. Meanwhile, his tax rate is lower than teachers, firemen, nurses, even his own cleaning staff!”
That kind of greed is not sustainable.
One of these consequences is the semantic change in the concept of social development sites. Poverty is defined in absolute and not in relative terms. The PRSPs (Poverty Reduction Strategy Papers) promoted by the World Bank and the IMF as well as the MDGs of the UN perfectly fit into the liberal agenda.