If we’re to be successful fighting oppression – whether based on race, class, species, or gender identity – we’re going to need to fight the heart of the economic order that drives these oppressions. We’re going to have to fight capitalism. (Bob Torres)
But, according to the World Bank’s report Poverty and Shared Prosperity 2016 – Taking On Inequality extreme poverty has apparently declined significantly globally.
In 2013, the year of the latest comprehensive data on global poverty, 767 million people are estimated to have been living below the international poverty line of US$1.90 per person per day.
Since 1990, this steady decline represents 114 million fewer poor people in a single year.
Much of the observed reduction was driven by progress in the East Asia and Pacific region (71 million fewer poor) and South Asia (37 million fewer poor).
Almost 11 people in every 100 in the world, or 10.7 percent of the global population, were poor by this standard, about 1.7 percentage points down from the global poverty headcount ratio in 2012.
So, the United Nations Global Goals for Sustainable Development: Goal 1 is aiming to achieve: “NO POVERTY – END POVERTY IN ALL ITS FORMS EVERYWHERE” by the year 2030.
But is poverty really on the decline and will the UN really achieve their goal under the current corrupt capitalist system?
And what about the shameful imbalance of inequality between the elite rich and the global poor?
The reports also states that the global inequality crisis continues unabated:
(Oxfam’s calculations are based on Forbes (2016) and the global wealth distribution data provided by the Credit Suisse Global Wealth Data book 2016. Forbes have subsequently released their latest Billionaires List)
The United Nations stated in its 2016 report, “No Poverty: Why it Matters”: “To end extreme poverty worldwide in 20 years, economist Jeffrey Sachs calculated that the total cost per year would be about $175 billion. THIS REPRESENTS LESS THAN ONE PERCENT OF THE COMBINED INCOME OF THE RICHEST COUNTRIES OF THE WORLD.”
And yet the disparity in the distribution of global wealth, as represented above by the shameful facts and figures of poverty and hunger, clearly shows that capitalism, in its current exploitative and corrupt form, MUST be re-formed for the benefit of ALL citizens of planet Earth.
For a brief history of the Basic Income click here.
Why wait 20 years for the UN to achieve it’s goals? A Universal Basic Income can save the lives of the many millions of men, women and children right NOW who are currently suffering and dying of poverty and hunger caused by an economic monetary system borne out of profiteering, exploitation and greed – and a system which also places a greed value on the head of every non-human animal on the planet which, in turn, is quite literally costing us the Earth.