Food for a denunciatory thought
Human Rights Reader 385
THE BREAKAWAY WEALTH OF THE 1% IS PROOF THAT WE DO NOT HAVE A CRISIS OF SCARCITY, BUT A DEFICIT OF FAIRNESS AND OF HUMAN RIGHTS. (Ron Labonte)
With a few fast clicks of the mouse on a computer in a beautiful air-conditioned office, in a few seconds, a small number of persons can (and do) deprive several million human beings of the basis of their existence, their livelihood and their human rights. Accepting this as collateral damage is against all ethics; it is criminal. (Jean-Claude Juncker)
The powerful exploit enormous advantages
For those in power, the money they amass is never enough; with all the notoriety and success it can buy them, it also becomes the cause of their downfall… for having become too rich. (Leonardo Padura Fuentes)
1. The powerful can and do skillfully game the system quite systematically skewing the flow of resources towards those who already have much more than their fair share. (i) Obviously, this art of deception is not linked to a lack of trying, but to a lack of scruples. (F. Manes) In fact, every day, the macroeconomic figures deceptively made public have become the best way to hide social and human rights (HR) realities and are thus becoming less and less realistic. (Roberto Savio)
Let us face it: Economic theory is, by far, not the politically most relevant branch of science …and GDP does NOT reflect inequalities in society. As deplorable is the excessive ‘mathematization’ of economics since the 1970s. Assuming the neutrality of ‘rational’ economic mathematical models is not only gratuitous, but a fallacy.
(i): Our curse actually comes from Adam Smith who reasoned: “I am inherently self-interested –I am human”.