The Trans-Pacific Partnership looks like a giant step toward the end of sovereign nations.

[Octafish]

44. They don't call it 'Globalization' for nothing.

The Global Plutocracy

By Andre Damon and Barry Grey
Global Research, January 21, 2014
World Socialist Web Site

On the eve of the annual spectacle of parasitic wealth and power that is the World Economic Forum in the Alpine resort town of Davos, Switzerland, the Oxfam charity has issued a report warning of the unprecedented growth of social inequality throughout the world.

Describing a planet in the malevolent grip of handful of plutocrats, the report states that the richest 85 people in the world control as much wealth as the bottom fifty percent of the world’s population—3.5 billion people! It notes that the richest one percent today controls 46 percent of the world’s wealth. Oxfam writes: “The wealth of the one percent richest people in the world amounts to $110 trillion… 65 times the total wealth of the bottom half of the world’s population.”

The report includes a chart showing that since 2008, the United States has had the largest increase in social inequality of any developed country.

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The impoverishment of the working class on the one side and further enrichment of the financial elite on the other have accelerated since the Wall Street crash of that year. While the wealth of the world’s billionaires has doubled, there are today over 1 billion people living on less than a dollar per day, and nearly half the world’s population, more than 3 billion people, subsist on less than $2.50 per day.

CONTINUED...

http://www.globalresearch.ca/the-global-plutocracy/5365647