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Post by Admin on Oct 28, 2019 13:16:41 GMT
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Post by Admin on Oct 29, 2019 15:21:27 GMT
How to produce mass mental illness: design a system that structurally generates alienation, exploitation, and division, and then tell you that it's your fault: The top 1% own 45% of all global personal wealth; 10% own 82%; the bottom 50% own less than 1%. The annual Credit Suisse report on global wealth has just been released. This report remains the most comprehensive and explanatory analysis of global wealth (not income) and inequality of wealth. As in every year it has been published, the report reveals the extreme inequality of personal wealth globally. The bottom half of adults in the world accounted for less than 1% of total global wealth in mid-2019, while the richest decile (the top 10% of adults) possessed 82% of global wealth and the top percentile (1%) owned nearly half (45%) of all household assets. So here’s the staggering thing. If you live in one of the advanced capitalist countries and you own your house and have some savings, then you will be among the top 10% of all wealth holders in the world. That’s because the vast majority of households in the world have little or no wealth at all." Depressing confirmation of the obvious: this system is rotten to the core. As a Royal College of Psychiatrists report noted: ‘Inequality is a major determinant of mental illness: the greater the level of inequality, the worse the health outcomes. Children from the poorest households have a three-fold greater risk of mental ill health than children from the richest households. Mental illness is consistently associated with deprivation, low income, unemployment, poor education, poorer physical health and increased health-risk behaviour. thenextrecession.wordpress.com/2019/10/25/the-top-1-own-45-of-all-global-personal-wealth-10-own-82-the-bottom-50-own-less-than-1/
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