Ethics of business
The demand for bread was joined by more politically explicit slogans—”down with the autocracy,” “down with the war.” The women workers even confronted the soldiers who had been sent to restore law and order, crying out to the servicemen: “Comrades, put down your bayonets, join us!” The soldiers, many from peasant backgrounds, were moved, and began... See more
Monthly Review | The Great Struggle to Escape Capitalism
Today, an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights and freedoms and a fair shot for everyone to get ahead
Get ready for the world’s first trillionaires | CNN Business
Modern inequality is at record highs and, in some cases, even eclipses the extreme inequality of the ancient past. The Roman Empire, notorious for its unabashed plutocracy, doesn’t hold a candle to modern imbalances. In 2012, the economist Branko Milanovic estimated that the businessman Carlos Slim, a Mexican billionaire, had an annual income that
... See morePaul Behrens • The Best of Times, The Worst of Times: Futures from the Frontiers of Climate Science
Five people are expected to amass at least $1 trillion in wealth within the next decade, if current trends continue, according to Oxfam’s annual inequality report, released Sunday. Tesla and SpaceX CEO Elon Musk, currently the world’s richest person worth more than $430 billion, should cross the mark in just under five years.
Get ready for the world’s first trillionaires | CNN Business
The ranks of the billionaire class last year grew by just over 200 to nearly 2,770 people. Their wealth skyrocketed by $2.1 trillion — three times faster than the year before — to a total of $15 trillion. In the United States alone, where 816 billionaires reside, the net worth of this group soared by $1.4 trillion.
What’s more, if any of the 10... See more
What’s more, if any of the 10... See more
Get ready for the world’s first trillionaires | CNN Business
The wealthiest eighty-five people on the entire planet have more money than the poorest 3.5 billion people combined. It’s hard to even take in that statistic. Between 1979 and 2007, the wages of the top 1 percent of households in the United States rose ten times more than the bottom 90 percent.
Maggie Kulyk • Integrating Money and Meaning
In 2023, more billionaires amassed their wealth through inheritance than through entrepreneurship for the first time. Plus, all of the 17 billionaires under 30 had their fortunes passed down to them.