Tuesday, October 21, 2008

More inequality' in rich nations according to BBC News.


The gap between rich and poor in most wealthy nations has widened, the Organisation for Economic Co-operation and Development (OECD) has said.

Since 2000, income inequality had risen sharply in the US and Germany and declined in the UK, Mexico and Greece.

The size of the income differentials varies, with the greatest disparity in Mexico, which has a ratio of 25 to one, followed by Turkey and the US.

The most equal distribution of wealth is in the Nordic countries, including Denmark, Sweden and Finland.

"Growing inequality is divisive. It polarises societies, it divides regions within countries, and it carves up the world between rich and poor," he added.

"Trying to patch the gaps in income distribution solely through more social spending is like treating the symptoms instead of the disease," said Mr GurrĂ­a.

He urged governments to act to increase education opportunities and job prospects for blue collar workers and to offer welfare-in-work to working-class families to boost income.

(Excerpts from article, for full article click title link.)

Buddha/ Does it seem more than coincidental that the inequality in the U.S. spiked since the year 2000 when Shrub & The Neocons seized power in Washington and Wall Street? I just noticed a caption in the article stating that the gap began widening in the 1980s. Who was in the White House during the 80s? Oh yeah, Ronnie Raygun & Poppy Bush with their neocon buddies puppeteering backstage. It all makes sense to me. Follow the dollars and connect the dots.

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