In the link to the video below, economist Jeffrey Sachs discusses how globalisation has exacerbated income inequalities and the control over politics exerted by the rich. Sachs doesn’t know everything about how globalization has redistributed income from working people to the affluent. And it’s so simple. The difference between the wages from the old higher paying jobs and the new lower paying jobs goes into the pockets of the wealthy via higher corporate profits, expanding dividends and soaring share prices. The people who lose their jobs get nothing but headaches as they search for work.
Posts Tagged ‘Jeffrey Sachs’
Jeffrey Sachs on the US economy: ‘It’s been an amazing ride for the rich’ – video
Posted in Uncategorized, tagged Globalization, income redistribution, Jeffrey Sachs, wealth redistribution on Jpm4000000pmThu, 12 Apr 2012 14:26:34 +000012 10, 2010 | Leave a Comment »
Economist Jeffrey Sachs Talks about the Collapse of the Global Financial System
Posted in Uncategorized, tagged Global Financial System, Jeffrey Sachs on Jam12000000amSun, 11 Dec 2011 09:01:59 +000011 10, 2010 | 2 Comments »
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