20 janeiro 2006

 

Gimme gimme


Capitalist growth necessarily generates inequality, which it requires in order to stimulate frustration and new needs. Income inequality has increased explosively over the past 40 years despite the considerable growth in the wealth produced throughout the world. The income ratio of the poorest to the richest 20% was 1:30 in 1960. Today it is 1:80. That is not surprising, since the transition to a system of financial accumulation upsets all the mechanisms for the distribution of produced value. The demands of the capitalist classes for higher rates of remuneration, especially higher dividends, force down the added value distributed to wage earners as direct wages and social welfare benefits

Jean-Marie Harribey in le Monde Diplomatique August 2004



   

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