The wealth gap is at the highest since the late 1930s and the founder of Bridgewater Associates, the largest hedge fund, Ray Dalio calls for reforming capitalism, arguing that if the US does not redistribute wealth and opportunity, the country’s existence as a stable global power is threatened, writes Business Insider. He said the US needs leadership that will declare inequality …
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Herland Report: Extreme Poverty for one Billion: The long term effects of the Covid-19 pandemic are horrifying for the poor and wonderful for the super rich. As the current billionaire owners of Amazon, Microsoft, Big Tech have seen their fortunes soar during Corona, one billion individuals who are among the poorest in the world may tumble into extreme poverty, according to …
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Herland Report: Covid-19 is economic goldmine for the wealthiest: In the Western hemisphere, the strategy seems to be for national governments now lose power as private capital control takes over the government’s former role. As billionaires merge private capital with government funds, according to what seems to be the goal of the Davos World Economic Forum, we may be set …
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