Since 2020, the richest 1% of people have accumulated close to two-thirds of all new wealth created around the world, according to a new report from Oxfam.
    • Water Bowl Slime@lemmygrad.ml
      11·
      2 years ago

      The people at the very top aren’t even capable of spending all their money. They have literally more wealth than a person can use which is why they do dumb shit like buy entire social media platforms on a whim or take joyrides to space.

      • ComradeSalad@lemmygrad.ml
        17·
        2 years ago

        To be more exact, an extremely large percentage of people the hold large positions such as CEO’s, capitalist leaders, and high managerial posts, are medically diagnosable sociopaths.

        They simply do not have a shred of empathy, compassion, or care for the lives they burn and the ruin they cause. They are incapable of those simple human functions, and in a system that rewards ruthless subjugation and exploitation, those people thrive.

        To them money is all thats left, and as the capitalist in Monsters Inc put it, “I’ll kidnap a thousand children before I let this company die!”

        That is their mentality.

        • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
          16·
          2 years ago

          Yup, actual studies have been done to show this as well. And this shouldn’t be in any way surprising. Capitalist pressures select for this type of personality. People who are selfish, who are willing to lie and cheat to get what they want, who are willing to use others as their tools, and so on are the ones who make it. If you have a conscience or morals then you will be outcompeted by somebody who doesn’t. This is exact same mechanic as natural selection that we observe in evolution. Successful behaviors within the constraints of the systems are the ones that become dominant.

          And this is precisely why we need systems that encourage cooperative behaviors where the interests of the individual align with the interests of the majority. Capitalism encourages competitive behaviors where this alignment is broken.

    • DankZedong @lemmygrad.ml
      10·
      2 years ago

      There is no enough. It always has to be more, year after year otherwise you’re gone. They will always find new markets to exploit, new people to exploit and new shit to pull. It will never be enough. That’s why they need to be stopped.

    • supersolid_snake@lemmygrad.ml
      8·
      2 years ago

      The worst are Warren Buffett lives a modest life people. What a wacky pathology to just want to see a big number and not even enjoy the money.

  • Shrike502@lemmygrad.ml
    7·
    2 years ago

    Have to wonder if it is even correct to call them “1%”. One percent of the world’s population right now is what, eighty million people? That’s a decently sized country basically. Over half of Russia’s population for comparison. Eighty Latvias.

    Are there really that many billionaires, or is it closer to 0.01%?

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
      4·
      2 years ago

      It seems like it’s more of an artifact that majority of global population lives in abject poverty. According to the 2018 Global Wealth Report, you need a net worth of $871,320 with net the worth being the value of financial assets plus real assets (principally housing) owned by households, minus their debts. A significant portion of westerners qualify, hence why the west is referred to as the golden billion.