The crisis of 2020 has created the greatest wealth gap in history. The middle class, capitalism and democracy are all under threat. What went wrong and what can be done?
In a matter of decades, the United States has gone from a largely benign form of capitalism to a neo-feudal form that has created an ever-widening gap in wealth and power. In his 2013 bestseller Capital in the 21st Century, French economist Thomas Piketty declared that “the level of inequality in the US is probably higher than in any other society at any time in the past anywhere in the world.” In a 2014 podcast about the book, Bill Moyers commented:
Continue readingHere’s one of its extraordinary insights: We are now really all headed into a future dominated by inherited wealth, as capital is concentrated in fewer and fewer hands, giving the very rich ever greater power over politics, government and society. Patrimonial capitalism is the name for it, and it has potentially terrifying consequences for democracy.
Filed under: Ellen Brown Articles/Commentary | Tagged: 2020 Lockdowns, Bill Gates, capitalism, Covid-19 Pandemic, Ellen Brown, Elon Musk, Jeff Bezos, Michael Hudson, Philanthrocapitalism, StarLink, Technofeudalism, Warren Buffet, Wealth Gap, Yanis Varoufakis | 23 Comments »
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Conservation or Land Grab? The Financialization of Nature
Just in time for the UN’s policy push for “30 x 30” – 30% of the earth to be “conserved” by 2030 – a new Wall Street asset class puts up for sale the processes underpinning all life.
A month before the 2021 United Nations Climate Change Conference (known as COP26) kicked off in Scotland, a new asset class was launched by the New York Stock Exchange that will “open up a new feeding ground for predatory Wall Street banks and financial institutions that will allow them to dominate not just the human economy, but the entire natural world.” So writes Whitney Webb in an article titled “Wall Street’s Takeover of Nature Advances with Launch of New Asset Class”:
Continue reading →Filed under: Ellen Brown Articles/Commentary | Tagged: 30 X 30 BIDEN BILL GATES BIODIVERSITY BLACKROCK CONSERVATION COP15 COP26 ELLEN BROWN FEATURED INTER-AMERICAN DEVELOPMENT BANK INTRINSIC EXCHANGE GROUP LANDGRAB LANDOWNERS NATURE NATURE ECONOMY ROCKEFE, Bill Gates, biodiversity, BlackRock, CONSERVATION, COP15, COP26, Ellen Brown, LANDGRAB, LANDOWNERS, NATURE, ROCKEFELLER FOUNDATION, wall street | 16 Comments »