global poor

With Just $10 "You're Wealthier Than 25% Of Americans"

Last week Credit Suisse released its annual Global Wealth Report.

The big headline grabber was their analysis showing that the top 1% of people now own 50% of the world’s wealth.

That is true and rather astonishing.

However, the report had another finding that was even more astonishing and largely overlooked.

What they found was that, as a percentage of the world’s population, there are now more poor people in the United States and Europe than there are in China.

Shown here, along the left side of the graph you can see that 10% and 20% of the world’s poorest are in North America and Europe.

Here, they aren’t talking about income. They define poor as lacking ‘wealth’, i.e. taking into account assets and liabilities like cash and debt.

Credit Suisse estimates that half of the world has a net worth less than $3,210. And a large chunk of Americans and Europeans can’t make that cut because their net worth is negative.

That’s especially the case for young people these days, who graduate from university with an incredibly expensive degree and an average of $35,000 in student debt.

Of course, plenty of people are in debt up to their eyeballs in the Land of the Free, and not just student debt.

Debt has become the American Way. People go deeply into debt that they can’t afford to buy stuff they don’t need to impress people they don’t know, simply because everyone is doing it.

And it’s just so damn easy.

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The international structures under neoliberal globalization ensure that nations of the global South are perpetually “developing” and that they never actually become “developed”. Under neoliberal globalization, the imperialist nations in the global North have ensured capital’s continued dominance over the peoples of the global South in what sociologist William I. Robinson has called a world war being waged by a rich and powerful minority against the global poor in which “casualties already number in the hundreds of millions, and threaten to mount into the billions … the level of social conflict and human destruction is reaching bellicose proportions”. Consequently, claims Amin, “The dominant class at the world level … have become the enemy of all humanity.”
—  Garry Leech, Capitalism: A Structural Genocide

Many aren’t aware of this, probably because it isn’t a 1st world country but today in kenya. Terrorist group Al-Shabaab, subdivision of Al Qaeda, killed at least 147 kenyan college students, and injured 79 or more. Dozens of these students were beheaded.

It’s a shame.

No. It’s a tragedy that this isn’t being globally covered. These poor people. No different, no more, no less than you or I were brutally murdered today. And the world doesn’t give a FUCK.

These senseless tragedies will never be solved. These attacks will never be dealt with because no one cares enough to help. No one dares to help.

Help spread the word of these injustices by spreading #Kenya2015 #ProtectThePeople.

If you all can help me with this I’ll be forever in your debt

Adults, they really destory me. The thing is, just because they all go to work and bring in some cash, they figure they know how to run the world. Well, take a look around. Global warming, pollution, poor people without health insurance, bad schools, bad streets, underpaid teachers, overpaid insurance lawyers, and gasoline prices that are as high as Katie Scopes at a party. (Katie Scopes, I like her, but, hell, she’s always stoned - probably due to the fact that adults are running the world.)
—  He forgot to say goodbye by Benjamin Alire Sáenz

The World’s largest silent killer. Let us as women, make a change.