OECD: Inequality Rising Faster than Ever
Since the Global Financial Crisis of 2007 inequality has been rising faster than ever before,according to a new report from the Organization for Economic Cooperation and Development.
According to the OECD, “inequality has increased by more over the past three years to the end of 2010 than in the previous twelve.” Things were already pretty bad in 2007, but inequality in America today exceeds the records last reached in the 1920s.
The United States has the fourth-highest level of inequality in the developed world, trailing only Chile, Mexico, and Turkey. That is to say, if you consider Chile, Mexico, and Turkey to be “developed” countries.
The OECD report measures inequality using a statistic called the Gini coefficient. The Gini coefficient runs from a minimum of 0 (perfect equality) to 100 (total inequality). Different countries have different ways of calculating Gini coefficients, but the OECD implements the same method across all countries to create comparable figures. .................(more)
The complete piece is at: http://truth-out.org/news/item/16543-oecd-inequality-rising-faster-than-ever
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The 1% are not likely to voluntarily stop using their growing wealth to capture and control as much of the world as they possibly can. See: Snowball effect.
