br00t4c, to random
@br00t4c@mastodon.social avatar
largess, to climate
@largess@mastodon.au avatar

UN expert attacks ‘exploitative’ world economy in fight to save planet

https://www.theguardian.com/world/article/2024/may/07/un-expert-human-rights-climate-crisis-economy

Boyd said: “I started out six years ago talking about the right to a healthy environment having the capacity to bring about systemic and transformative changes. But this powerful human right is up against an even more powerful force in the global economy, a system that is absolutely based on the exploitation of people and nature. And unless we change that fundamental system, then we’re just re-shuffling deck chairs on the Titanic.”

>Boyd said: “There’s no place in the climate negotiations for fossil-fuel companies. There is no place in the plastic negotiations for plastic manufacturers. It just absolutely boggles my mind that anybody thinks they have a legitimate seat at the table.

>In his final interview before handing over the special rapporteur mandate, Boyd said he struggles to makes sense of the world’s collective indifference to the suffering being caused by preventable environmental harms.

>over 40 million people have died of air pollution since I became special rapporteur in 2018, yet I just can’t get people to care.

>“I can’t get people to bat an eyelash. It’s like there’s something wrong with our brains that we can’t understand just how grave this situation is"

>"If we don’t have a living, healthy planet Earth, then all the other rights are just words on paper.”


I can only agree ... without a livable planet and a stable biosphere, everything else is for nought, as "home" is then unlivable.

#ClimateChange #Pollution #Plastic #Inequality #VoteGreen #ClimateCrisis

br00t4c, to random
@br00t4c@mastodon.social avatar
virtualbri, to ukteachers
@virtualbri@mastodon.online avatar

https://www.youtube.com/watch?v=qEJ4hkpQW8E

Normally I'm not a fan of TED Talks, but this is a barn burner.

#Inequality #Education

nwchapman, to random
@nwchapman@sfba.social avatar

‘We deserve more’: US workers’ share of the pie dwindles

Bureau of Labor Statistics releases latest estimate of how much labor receives of national income, showing bleak decline
https://www.theguardian.com/us-news/article/2024/may/06/workers-income-labor-?CMP=share_btn_url

ChrisMayLA6, to random
@ChrisMayLA6@zirk.us avatar

Across Europe countries are suffering various housing crisis.... on the one hand it does suggest this is a wider problem than just a UK-specific policy problem.

However, on the other, this plausibly looks like a factor in the rise of the new/hard Right.

There are many aspects to these crises including loss of public housing but the treatment of housing as an asset class rather than homes for living in, is playing a major negative role.

#housing #inequality

https://www.theguardian.com/news/article/2024/may/06/fix-europe-housing-crisis-risk-fuelling-far-right-un-expert-warns

br00t4c, to gaming
@br00t4c@mastodon.social avatar
ChrisMayLA6, to random
@ChrisMayLA6@zirk.us avatar

Scott Galloway (NY Stern School) sums up the misconception(s) the rich have about their success (which they try to make us believe too):

'What I’ve found is that the majority of people’s success is not their fault. And I think something that plagues people, especially tech bros, is they conflate luck with talent'!

Its also the networks they're embeded in, he notes, that lead them to quickly be presented with (new) opportunities.

The rich aren't different, they're just luckier!

#inequality

persagen, to news
@persagen@mastodon.social avatar

Pg-RSS external news feeds: Saturday 2024-05-04
News/analytics re: abuses of wealth, power, influence

📱 1-col: https://persagen.com/rss/pg-extnews.m.xml
💻️ 2-col: https://persagen.com/rss/pg-extnews.xml
🌐 Click title to go to external news source

Updated throughout the day
Victoria, Persagen.com 🙏

+

Image: Pg-RSS news feed

oconnell, to austin
@oconnell@federate.social avatar
UP8, to politics
@UP8@mastodon.social avatar
shekinahcancook, to sustainability
@shekinahcancook@babka.social avatar

Why societies grow more fragile and vulnerable to collapse as time passes
4.25.24 by Luke Kemp and BBC colleagues,Features correspondent

"...The ageing trend was there even when we excluded dynasties.

...Our findings are supported by promising studies on "critical slowing down". Before a complex system undergoes a large-scale shift in structure, or a "tipping point", it often begins to recover more slowly from disturbances. The ageing human body is similar: injuries can take a longer toll when you're older...

The next steps will be to investigate what fosters societal longevity, and what causes growing vulnerability. States could be losing resilience over time due to variety of factors. Growing inequality, extractive institutions, and conflict between elites could heighten social friction over time. Environmental degradation could undermine the ecosystems that polities depend on..."

https://www.bbc.com/future/article/20240424-do-societies-civilisations-grow-old-frail-and-vulnerable-to-collapse

j2dw, to workersrights
@j2dw@publicgood.social avatar

Our AGM is one-week away! Be sure to register for free to attend and hear from keynote speaker Dr. Leland Harper speak on this year's theme "Breaking free from systemic inequality at work." https://bit.ly/42g393G #J2DW #Inequality #Work #Barrie #onpoli @barrie @onpoli

ChrisMayLA6, to random
@ChrisMayLA6@zirk.us avatar

Sad to see the Guardian giving a platform to this bleating 'tycoon' claiming him & his rich chums will be leaving the UK due to it 'punitive' tax rates...

I'd expect a piece like this to be in the Torygraph... the only defence is that they expect people to see through this rich-person propaganda, but with no critical perspective on his claims or more balanced depiction of the tax system included, that a difficult case to make convincingly.

#inequality #tax
https://www.theguardian.com/news/2024/may/02/i-am-moving-tycoon-bassim-haidar-non-dom-tax-status-super-rich-exodus

br00t4c, to random
@br00t4c@mastodon.social avatar
srijit, to india

Income and Wealth Inequality in India

As an Indian I am not surprised to learn from Robert Reich's post that the top 0.1% of Americans control $20 trillion in wealth and the bottom 50% control $3.7 trillion in wealth.

I have been haplessly observing the brutality of inequality since my childhood while putting my best efforts to remain on the other side.

From the paper titled "Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj" we learn the following.

Our estimates suggest that inequality declined post-independence till the early 1980s, after which it began rising and has skyrocketed since the early 2000s. Trends of top income and wealth shares track each other over the entire period of our study. Between 2014-15 and 2022-23, the rise of top-end inequality has been particularly pronounced in terms of wealth concentration. By 2022-23, top 1% income and wealth shares (22.6% and 40.1%) are at their highest historical levels and India’s top 1% income share is among the very highest in the world.

In other words, the ‘Billionaire Raj’ headed by India’s modern bourgeoisie is now more unequal than the British Raj headed by the colonialist forces. It is unclear how long such inequality levels can sustain without major social and political upheaval. While there is no reason to believe income and wealth inequality will slow down by itself, historical evidence suggests that it can be kept in check via policy.

The root cause may be absence of appropriate policies through legislation.

The authors of the above mentioned paper lament that:> In line with earlier work, we find suggestive evidence that the Indian income tax system might be regressive when viewed from the lens of net wealth. We emphasize that the quality of economic data in India is notably poor and has seen a decline recently. It is therefore likely that our results represent a lower bound to actual inequality levels.

cc: @mastodonindians

RE: https://masto.ai/users/rbreich/statuses/112361975539771887

srijit, to india

Income and Wealth Inequality in India

As an Indian I am not surprised to learn from Robert Reich's post that the top 0.1% of Americans control $20 trillion in wealth and the bottom 50% control $3.7 trillion in wealth.

I have been haplessly observing the brutality of inequality since my childhood while putting my best efforts to remain on the other side.

From the paper titled "Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj" we learn the following.

Our estimates suggest that inequality declined post-independence till the early 1980s, after which it began rising and has skyrocketed since the early 2000s. Trends of top income and wealth shares track each other over the entire period of our study. Between 2014-15 and 2022-23, the rise of top-end inequality has been particularly pronounced in terms of wealth concentration. By 2022-23, top 1% income and wealth shares (22.6% and 40.1%) are at their highest historical levels and India’s top 1% income share is among the very highest in the world.

In other words, the ‘Billionaire Raj’ headed by India’s modern bourgeoisie is now more unequal than the British Raj headed by the colonialist forces. It is unclear how long such inequality levels can sustain without major social and political upheaval. While there is no reason to believe income and wealth inequality will slow down by itself, historical evidence suggests that it can be kept in check via policy.

The root cause may be absence of appropriate policies through legislation.

The authors of the above mentioned paper lament that:> In line with earlier work, we find suggestive evidence that the Indian income tax system might be regressive when viewed from the lens of net wealth. We emphasize that the quality of economic data in India is notably poor and has seen a decline recently. It is therefore likely that our results represent a lower bound to actual inequality levels.

Billionaire

cc: @mastodonindians

RE: https://masto.ai/users/rbreich/statuses/112361975539771887

ChrisMayLA6, to random
@ChrisMayLA6@zirk.us avatar

So which would you prefer: to be: European or American?

Americans work longer hours, but are richer (well at least some are);

Europeans work less, earn less, but live longer, are happier & mostly in better health

The Right claim working shorter hours & retiring early is not sustainable, but if Public Debt/GDP is your metric then the US performs worse.

Certainly Americans can buy more stuff, but this increases their environmental impact...

social choices?

#inequality
h/t Simon Kuper (FT)

SteveMcCarty, to brainfood
@SteveMcCarty@hcommons.social avatar

Our family friend Mimi Wada co-produced and co-starred in the new "Snack Sakura" that shows ( hostess ) through the experiences of the expert Canadian Greg Girard. It is under 25 minutes and posted for free at https://hi-lo.tv/Our-Work or permalink https://player.vimeo.com/video/935465833

Other professors used to take me to snacks when I was single, so I was well aware that hostesses were mostly divorced or single mothers. Mimi sheds light on the nature of snacks by saying that has a dark side. Regarding the that Greg mentions, Mimi clarifies that there is a double standard whereby men can go to snacks openly, but it is shameful for to work in them. Now I'm a family man, but I sympathize with such women, who would otherwise have to for close to the minimum wage.

A documentary succeeds insofar as it sheds light on the topic. If you watch it, perhaps let us know your impressions.


@sociology @psychology

jikodesu, to Economics
@jikodesu@mastodon.social avatar

How can economics be a field of science? All sciences are based on the Earth’s (or universe's) natural laws.

How can unlimited economic growth on a finite planet be possible?

Why doesn't wealth accummulated (stolen) by a few rich individuals trickle down to the poor?

Economics is not based on reality, so why is it called a field of science?

kris_inwood, to history
@kris_inwood@mas.to avatar

A land of sages: A legacy of former elites and current professorship in Vietnam

Free YSE-EHES graduate webinar by Luu Duc Toan Huynh (QMUL).
May 2 17:00 CET.
Chair: Ting Cheng (HK Baptist U).

More information:
https://ysi.ineteconomics.org/event/cfp-economic-history-graduate-webinar-spring-2024/2024-04-11/

@economics @demography @socialscience @sociology @politicalscience @geography @anthropology @econhist @devecon @archaeodons #history #histodons #Vietnam #inequality #elite #knowledge

br00t4c, to india
@br00t4c@mastodon.social avatar

Inequality in India greater today than at the height of the British Raj

#india #inequality

https://www.wsws.org/en/articles/2024/04/26/prcm-a26.html

br00t4c, to random
@br00t4c@mastodon.social avatar
KimPerales, to random
@KimPerales@toad.social avatar

Poor ppl aren't the problem, it's oppression by...

Ppl were dying of famine -but shared a sense of solidarity; while poor ppl did prey on each other -more the exception than the rule.

Poverty doesn’t cause the societal disintegration that leads to most crime, it turns out: does. America is now -most unequal developed county in the entire world.

The majority of Americans are struggling to get by -number in “middle class” below 50%.

https://hartmannreport.com/p/unveiling-the-actual-shocking-driver-47e

lunalein, to books
@lunalein@federatedfandom.net avatar

2023 in #books, inspired by https://shereads.com/traci-thomas-best-books-of-2023/ and I'd love to see other people answer these, too!

Two books I loved, part 1: Honeybees and Distant Thunder by Riku Onda, which is about four entrants in a classical piano competition in Tokyo, and the characters are all interesting and charming but best of all it just has wonderful writing about music -- like the title itself as a description of how a particular player makes a particular piece sound. It's beautiful, and unlike many books with multiple POVs, I loved all the protagonists equally and was never annoyed by a switch at the wrong time. Just beautiful stuff.

@bookstodon

miki_lou,
@miki_lou@mastodon.social avatar

@lunalein @bookstodon #AmReading Land of Milk and Honey. Very graphic, colourful and sensuous writing! A celebration of food in times of #ecosystems destruction, #ecoanxiety, #foodinsecurity and extreme #inequality Thanks for the recommendation. #books #reading #FridayReads #bookstodon #SpeculativeFiction

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