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Just 0.001% hold three times the wealth of poorest half of humanity, report finds
(www.theguardian.com)
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this post was submitted on 10 Dec 2025
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People might think that the extremity is a good thing as it will force change, which may be true, but realistically the world will be in for an extended period of conflict/war/suffering first and that period will probably last the rest of our lives.
Boomers hit that sweet spot. Now they get to check out as things are about to get real bad. Not that boomers everywhere in the world had it good. But a lot of them did.
If you aren't straight, white or a man you are already suffering.
American boomers, maybe. The 60s/70s was real shit for most of the Third World.
Much of our modern Economic Anxiety driving MAGA and the reactionary insanity of our foreign policy is these same Boomers being forced to live in a world that isn't just the car dealerships in Detroit commanding the global economy.
For the 90s Kids, life outside the US hasn't been this good in a century or more. Whether you're in Bogota, Berlin, Beijing, or Bankok, it's a time of unprecedented plenty.
The fact that America isn't this shining city on a hill anymore is what Trumpsters find so galling.
In some places, like south america, things have not been that great since the start of a wave of right wing governments rising, unfortunately...
One reason why Buenos Aires didn't make the list.
I see what you mean, in terms of democracy being a problem capitalism is trying to solve and, also, that the rich and powerful will never allow us to simply vote away their ill-gotten wealth and power.
I don't think that doesn't mean we shouldn't try though or just lament that we were born too late though.
If enough people wanted to, we could change things very quickly. I don't see why that would mean we would have to have those all of those things, let alone for an extended period. Really, you're rationalising a status quo bias.