| inbluevt | Date: Saturday, 2013/09/14, 0:56 AM | Message # 1 | DMCA |
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In this column, Roberto Savio, founder and president emeritus of the Inter Press Service (IPS) news agency and publisher of Other News, writes about the increasing concentration of wealth and the rise of inequality in today’s world.
SAN SALVADOR, Sep 12 2013 (IPS) - A recent report by the Centre for Analysis of Social Exclusion at the London School of Economics called attention to the fact that, at the present rate of inequality, by the year 2025, the United Kingdom will have returned to the unequal society of the end of the 19th century. In other words, we are going back to the times of Queen Victoria!
In 2010, the incomes of the chief executives of the 100 largest companies in the U.K. increased by 49
percent, while the average pay rise was just 2.7 percent. According to a European Banking Authority report, in 2010 and 2011, 2,436 U.K. bankers earned more than one million euro per year, against 162 in France and 36 in the Netherlands.
Nearly 50 percent of the funding of Britain’s Conservative Party comes from the financial sector. No wonder that British Prime Minister David Cameron is obliged to choose the City over Europe.
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Roberto Salvo
Message edited by inbluevt - Saturday, 2013/09/14, 0:57 AM |
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