THIS CHART Tells a Story… America’s Middle Class Thrived After WWII and Died Under Obama

 

The Davos World Economic Summit has long been a parade for the insider agenda, putting the power players’ plans for the world’s economies on display as a preview to their playing out for the rest of the year.

But so far, the 2015 elite retreat in the Swiss Alps has proven to be full of apprehension, and even horror… with many of its own members expressing regret at the world they have built.
The Guardian reported:

The billionaires and corporate oligarchs meeting in Davos this week are getting worried about inequality… even the architects of the crisis-ridden international economic order are starting to see the dangers. It’s not just the maverick hedge-funder George Soros, who likes to describe himself as a class traitor. Paul Polman, Unilever chief executive, frets about the “capitalist threat to capitalism”. Christine Lagarde, the IMF managing director, fears capitalism might indeed carry Marx’s “seeds of its own destruction” and warns that something needs to be done.

The scale of the crisis has been laid out for them by the charity Oxfam. Just 80 individuals now have the same net wealth as 3.5 billion people – half the entire global population. Last year, the best-off 1% owned 48% of the world’s wealth, up from 44% five years ago. On current trends, the richest 1% will have pocketed more than the other 99% put together next year. The 0.1% have been doing even better, quadrupling their share of US income since the 1980s.

These billionaires are not concerned with a fair or truly equitable world, of course. But they may well be concerned about having pushed the system beyond the brink, and triggering global collapse or unrest as a result of things gone way too far.

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