Why the apologists for globalism are wrong, and Pope Francis is right:
The richest 0.001% of the world control 30% of the financial wealth; the wealthiest 0.1% about 81%. So the rich are indeed extremely rich. More important than their static worth, though, are trends over time.
Over the last two centuries, global inequality has steadily increased. We know this because whilst ratios of absolute poverty have been decreasing over the last two centuries, the standard measure of inequality – the Gini coefficient – has risen from 43.0 in 1820 to 70.7 in 2002. (A score of 0 means everyone has exactly the same amount and 100 means one person controls everything.) This trend has been accelerating since 1980, when the latest round of “free market” policies was put in place. It is being exacerbated still further in most countries by both the economic crisis and climate change.
Of course, just because someone benefits from a system doesn’t automatically mean they are controlling it. To investigate who is doing that, we need to look at the industries that have been built, who has built them this way, and observe their strategies and business operations. The best place to look is the industry at the heart of it all, whose very purpose is the management of wealth: banking and finance.
– See more, from Occupy.Com: http://www.occupy.com/article/its-time-shine-light-poverty-creation-industry#sthash.Tw7h3orb.dpuf