Morbid Inequality: Now Just Six Men Have as Much Wealth as Half the World’s Population

Stephan:  Do you remember a few weeks ago when I did a report stating that 8 men had as much wealth as 3.6 billion people. Well there has been a revision. "As of 02/17/17, the world's 6 richest individuals (all men) had $412 billion." The Neo-feudalism trend is going faster than anyone, including me, predicted.  "In the US, the Forbes 400 Own as Much as 3/5 of the American People." The reality is the economic system that has dominated the world for the last century, that has only one social priority: profit, and whose principal proponent is the United States, has reached a pathological level. Think of it as terminal fourth stage social cancer. Here is the new data,

Credit: Michael Fleshman

Yes, inequality is getting worse every year. In early 2016 Oxfam reported that just 62 individuals had the same wealth as the bottom half of humanity. About a year later Oxfam reported that just 8 men had the same wealth as the world’s bottom half. Based on the same methodology and data sources used by Oxfam, that number is now down to 6.

How to account for the dramatic increase in the most flagrant and perverse of extreme inequalities? Two well-documented reasons: (1) The poorest half (and more) of the world has continued to lose wealth; and (2) The VERY richest individuals — especially the top thousand or so — continue to add billions of dollars to their massive fortunes.

Inequality deniers and apologists say the Oxfam methodology is flawed, but they’re missing the big picture. Whether it’s 6 individuals or 62 or 1,000 doesn’t really matter. The data from the Credit Suisse Global Wealth Databook (GWD) and the Forbes Billionaire List provide the best available tools to make it […]

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Outside coastal cities an ‘other America’ has different values and challenges

Stephan:  In the United States over 80% of the population live in urban areas.  The remainder live in dying towns, and impoverished rural areas. The social outcome data gives us the real picture: a country hollowed out by inequality, lack of infrastructure maintenance, the failure of the U.S. to remain a leader of technological industry, environmental crises, and the commitment to remain locked in the carbon era as a matter of government policy. The first step we must take to fix this is to tell ourselves the truth about ourselves.  

Anthony Rice on the election: ‘We didn’t have a dog in this fight’.
Credit: Chris Arnade

YOUNGSTOWN, OHIO — Anthony Rice’s house in Youngstown, Ohio is a mile away from a river valley once filled with factories offering jobs. Many of those left in the 1980s, and with them, many residents.

His home is one of the few occupied on the street. Empty lots or boarded-up homes make up most of the block. He points to those remaining, listing his neighbors and their age. They are all over 70. “This neighborhood is okie-dokie, although not much goes down here”, he says. “Stores used to be all around here, but they mostly gone. The people left are either too old to move or waiting for someone to buy them out.”

The road itself is a patchwork of potholes. “This street hasn’t been paved in like forever. They just don’t care about us. But we used to that.”

Youngstown is the largest city in Mahoning County, Ohio, where

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Why South Koreans now live longer than Americans

Stephan:  In the U.S. the state with the longest life expectancy is Hawaii at 81.3 years. The bottom five states: Kentucky is 76, Arkansas is 76, Oklahoma 75.9, Louisiana 75.7, Alabama 75.4,West Virginia 75.4, Mississippi 75 years. So even in the U.S. there is a spread of over 6 years. Now let's pull back for the world picture. You will be surprised what that reveals. Note also that wealth and longevity are not a one-to-one correlation. There is an important teaching moment in that fact.  

South Korea is set to become the world leader in life expectancy by the end of the next decade. And the United States? Well, it’s poised to lag behind other wealthy countries when it comes to progress in longevity.

In a new study published in The Lancet, researchers predict that average life expectancy will reach beyond 90 years for South Korean women by 2030. Men there will also see big gains.

A handful of other wealthy countries will get closer to becoming centenarians too, but these improvements won’t be spread evenly. America, in particular, won’t be doing nearly as well against its economic peers.

It’s yet another example of the importance of equitable access to health care — something South Korea and many other developed countries have managed to provide their citizens while the US continues to falter.

Chart showing that fewer women in the US will live as long as women in other highly developed countries

For the study, researchers at the Imperial […]

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Viewing Trump’s Extreme Climate Denial From a Small Island Nation in Peril

Stephan:  And here we see climate change as it is playing out. This thing that the Republican Party thinks does not exist or, if it exists, has nothing to do with human activity is changing our world in front of our eyes, but the Trump administration is willfully ignorant and blind, surrendering its leadership to others. Only citizen action is going to change this. Are you involved?

The Rock Islands of Palau. Palau is on the front lines of the impacts of runaway anthropogenic climate disruption (ACD).
Credit: August Rode / Flickr

BABELDAOB ISLAND, PALAU — The Gaia principle, formulated by chemist James Lovelock, proposes that Earth is essentially a synergistic self-regulating complex system that actively perpetuates the conditions for life on the planet.

The Republic of Palau, a small island nation of roughly 22,000 people in Micronesia, in the far Western Pacific, is what I would refer to as an altar of Gaia. Here, diving into the waters, which contain in excess of 700 species of fish and more than 1,000 species of hard and soft corals, one’s senses can barely keep pace with the kaleidoscope of life swimming/growing/floating/being in front of one’s eyes.

I’m now writing from the northern coast of the Babeldaob Island in the archipelago, an area not too many humans on the planet will ever see, simply due to the amount of effort it takes to get there.

I stand atop a hill looking north. The Pacific Ocean […]

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Scott Pruitt makes it clear that the Clean Power Plan is going away

Stephan:  And so it begins.

In his first interview as EPA administrator, Scott Pruitt made one thing very clear: the Clean Power Plan, the signature climate regulation of the Obama administration, is not long for this world. (emphasis added)

Pruitt told the Wall Street Journal on Friday that he expects to quickly withdraw both the Clean Power Plan and the Waters of the United States Rule, the Obama administration’s attempt at clarifying the EPA’s regulatory authority under the Clean Water Act.

“There’s a very simple reason why this needs to happen: Because the courts have seriously called into question the legality of those rules,” Pruitt said.

As Oklahoma Attorney General, Pruitt was party to lawsuits against the EPA for both the Clean Power Plan and the Waters of the United States Rule. Challenges to both rules are currently working their way through the court system, but Pruitt made clear that he does not intend to wait for the courts to decide before initiating the rule-making process necessary to withdraw both rules. Altogether, Pruitt sued the EPA fourteen times before becoming administrator.

Pruitt refused to say whether he […]

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