While often complex, at its most basic both racism and sexism are mechanisms used by rich white men to deflect resentment of their entitlement & privilege onto groups that have spent years, decades trying to combat the prejudices they have confronted.

Their very success makes them a useful target of mis-direction when the entitled are looking to shift the blame for poverty, lack of opportunity & social exploitation.

The only really dangerous minority are the rich!

#inequality #racism #sexism

While often complex, at its most basic both racism and sexism are mechanisms used by rich white men to deflect resentment of their entitlement & privilege onto groups that have spent years, decades trying to combat the prejudices they have confronted.

Their very success makes them a useful target of mis-direction when the entitled are looking to shift the blame for poverty, lack of opportunity & social exploitation.

The only really dangerous minority are the rich!

#inequality #racism #sexism

joseph Stiglitz's new report for the G20 (sadly the link from the Guardian is to an insecure URL) points out across the world, that:

'the richest 1% captured 41% of all new wealth since 2000, while the bottom half gained just 1%. On average, someone in the global top 1% became $1.3m richer; a person in the poorest half gained $585'... which as Stiglitz also points out isn't an accident but a choice by the world's political & business class(es).

#inequality #politics

https://www.theguardian.com/commentisfree/2025/nov/30/the-guardian-view-on-the-inequality-emergency-why-a-nobel-prize-winners-warning-must-be-heeded

Meanwhile in Switzerland, the Young Socialists proposal to impose a 50% inheritance tax on estates above SFr 50mn (£47mn) to use funds for climate amelioration measures, was rejected in a referendum.

On one level perhaps its no surprise, but even in a country as rich as Switzerland one has wonder how many voters would actually be impacted?... which means the rich have convinced them that 'harming' ultra wealthy families is not a good idea - implied blackmail?

#inequality #Switzerland
h/t FT

Meanwhile in Switzerland, the Young Socialists proposal to impose a 50% inheritance tax on estates above SFr 50mn (£47mn) to use funds for climate amelioration measures, was rejected in a referendum.

On one level perhaps its no surprise, but even in a country as rich as Switzerland one has wonder how many voters would actually be impacted?... which means the rich have convinced them that 'harming' ultra wealthy families is not a good idea - implied blackmail?

#inequality #Switzerland
h/t FT

joseph Stiglitz's new report for the G20 (sadly the link from the Guardian is to an insecure URL) points out across the world, that:

'the richest 1% captured 41% of all new wealth since 2000, while the bottom half gained just 1%. On average, someone in the global top 1% became $1.3m richer; a person in the poorest half gained $585'... which as Stiglitz also points out isn't an accident but a choice by the world's political & business class(es).

#inequality #politics

https://www.theguardian.com/commentisfree/2025/nov/30/the-guardian-view-on-the-inequality-emergency-why-a-nobel-prize-winners-warning-must-be-heeded