Michael Parenti - Wealth Creates Poverty
Channel: Labour Heartlands
Date: 2022-07-03

Recent history is punctuated with a lot of not-so-great economic “greats” from the Great Depression to the Great Recession. Now we have a new one: When historians look back on the decisions made over the last two years, during the Covid pandemic this period will be remembered as the “Great Consolidation”—the acceleration of a historic wealth transfer and power concentration out of the hands of the people and into those with political power and connections, this is the age of the Oligarchy.

This century we have witnessed the greatest transference of public money into private hands, and now we are seeing a cost of living crisis, caused by greed and profit, we understand the truth when we say: “Poverty exists not because we cannot feed the poor, but because we cannot satisfy the rich.” – Anonymous


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