The Ravages of Globalism: Planetary Elites’ Wealth Growth Over Last Decade of “Redistribution” is Staggering

From ConservativeRefocus.com —>

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Instead of America leading the world in a free market, pro-capitalist, agenda of growth  to create wealth and expand technologies, the planet, as led by an elite group of banking-bean counters and government bureaucrats, has effectively run the world economy aground on the shoals of Keynesian theory and over-regulation, and Obama appears to be leading the fray, from behind.

Keynesian economics, by definition, refers to the theory that, at best, an economy can be controlled largely by government intervention essentially eliminating the various cycles of slumps and growth by “influencing aggregate demand through activist stabilization.”

In essence, moving the economy away from a private command and control response and into the realm of a government command bureaucracy, which, in its very essence, suggests quasi-government ownership of the economy and, therefore, an economic construct encompassing a different form of mixed-market socialism.

Keynesian economics, moreover, only focuses on the short run, which might more easily explain Obama’s total lack of concern or even interest in the massive $ 19 trillion dollar debt, that America has amassed by virtue of Obama’s quantitative easing and wasteful stimulus.

But it’s not just America, under Obama, rather, it’s the world that has embraced Keynesian theory which, by literal default, has placed the world in debt, to both itself and to the wizards behind the curtain, who have bankrolled the massive debt.

The world’s economies are even now operating on a mountain of paper debt, held by the elite, that is essentially worthless beyond the heat that might be utilized if the paper mountain were burned, which is, about, the only useful purpose it might serve.

In essence, the wealth redistribution that the elite keep pushing is having an engineered effect that’s exactly opposite of the causation they’re trying to sell, and this is not by accident.

These facts represent the lie that has been perpetrated by the useful idiots of the left as pawns to the globalists of the world, and the following AP article, while hitting around the edges, fails to identify the fact that the very globalist policies that the global elite/media promotes are the same policies that have caused a new and staggering disproportion of wealth into the hands of only a very few…. (read more on this subject)

~ Refocus Notes

Associated Press

BY PAN PYLAS

DAVOS, Switzerland (AP) — The gap between the super-rich and the poorest half of the global population is starker than previously thought, with just eight men, from Bill Gates to Michael Bloomberg, owning as much wealth as 3.6 billion people, according to an analysis by Oxfam released Monday.

Presenting its findings on the dawn of the annual gathering of the global political and business elites in the Swiss ski resort of Davos,

anti-poverty organization Oxfam says the gap between the very rich and poor is far greater than just a year ago. It’s urging leaders to do more than pay lip-service to the problem.

If not, it warns, public anger against this kind of inequality will continue to grow and lead to more seismic political changes akin to last year’s election of Donald Trump as U.S. president and Britain’s vote to leave the European Union.

“It is obscene for so much wealth to be held in the hands of so few when 1 in 10 people survive on less than $2 a day,” said Winnie Byanyima, executive director of Oxfam International, who will be attending the meeting in Davos. “Inequality is trapping hundreds of millions in poverty; it is fracturing our societies and undermining democracy.”

The same report a year earlier said that the richest 62 people on the planet owned as much wealth as the bottom half of the population. However, Oxfam has revised that figure down to eight following new information gathered by Swiss bank Credit Suisse.

Oxfam used Forbes’ billionaires’ list that was last published in March 2016 to make its headline claim.

According to the Forbes list, Microsoft founder Gates is the richest individual with a net worth of $75 billion. The others, in order of ranking, are Amancio Ortega, the Spanish founder of fashion house Inditex, financier Warren Buffett, Mexican business magnate Carlos Slim Helu, Amazon boss Jeff Bezos, Facebook creator Mark Zuckerberg, Oracle’s Larry Ellison and Bloomberg, the former mayor of New York.

Oxfam outlined measures that it hopes will be enacted to help reduce the inequality.

They include higher taxes on wealth and income to ensure a more level playing field and to fund investments in public services and jobs, greater cooperation among governments on ensuring workers are paid decently and the rich don’t dodge their taxes. And business leaders should commit to paying their fair share of taxes and a living wage to employees.

Max Lawson, Oxfam’s policy adviser, urged billionaires to “do the right thing,” and to do “what Bill Gates has called on them to do, which is pay their taxes.”

The ability of the rich to avoid paying their fair share of taxes was vividly exposed last year in the so-called “Panama Papers,” a leaked trove of data that revealed details on offshore accounts that helped individuals shelter their wealth.

“We have a situation where billionaires are paying less tax often than their cleaner or their secretary,” Lawson told The Associated Press. “That’s crazy.”

It’s because of this kind of inequality that trust in institutions has fallen sharply since the global financial crisis of 2008, according to Edelman, one of the world’s biggest marketing firms.

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About the Author

Barry Secrest
A native of the Charlotte area, Barry Secrest is the owner of two successful ventures, one in business and the other in media: Carolina Industrial Agency and Conservative Refocus. He has more than 25 years of experience in the insurance industry. Barry is also the author of the book "A Perfect Liberal Storm" which was released in late July of 2010.