Posts tagged "Economics"
July 20th 2011 – Capitalism The Political, Economic and Moral Joke
In The News | July 20, 2011, 11:47 pm |
The News of the World saga rumbles on and will soon reach the proportions of a Hollywood epic, this hasn’t stopped the Murdoch’s trying to interfere with the inquires into their dealings as reported in the New York TImes. The Murdoch’s are making a farce out of the game of charades that government enquries always are.
The table above shows the change in earnings for the top 0.1% in the USA compared with that of the bottom 90%. It clearly shows how the very top elite (0.1%) have seen a an increase in the overall earnings of 385%. However the bottom 90% which represents the ordinary people have seen a 1% decrease in earnings between 1970 and 2008. This is even before the banking crisis had truly hit home across the globe, as the capitalists say the numbers never lie.
