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#wealth

4 posts4 participants0 posts today

Periodic public service reminder and my thought for the day.

We do not have an abundance problem, we have a greed problem. Greed shows up in more than the monetary sense. We see land certain governments are unwilling to share. We see greed for power. The list goes on. We, as a species, need to put our big kid pants on.

Growing up in #1990s #Philippines, I can't help but see some weird parallels here in #Australia today...

- Loss of individual liberty
- Widespread government #corruption
- Dumb and negligent #corporations
- Obsession with private school
- Prudish religious culture
- Public feel helpless to change
- #Authoritarianism by default
- #Wealth determines your #worth as a person
- Massive and growing wealth inequality

What happened here in #Oz? We used to be the lucky country.

Now we're just a #mess.

#Nobel #Laureate touts #ThreeZero #theory
"framework called “Three Zero”, referring to zero #carbon #emissions, zero #wealthconcentration & zero #unemployment. Prof #Yunus argued tt #business in tis new civilisation mustn't be driven by #greed, which he warned inevitably leads to #wealth accumul'g among a select few.. He criticised modern #society’s deep-rooted #consumerism, stating tt e pursuit of tis at all costs has led to #unsustainable waste & environ'al degradation"
bangkokpost.com/thailand/gener

Bangkok Post · Nobel Laureate touts ‘Three Zero’ theoryBy Poramet Tangsathaporn

"𝚆𝚎 𝚊𝚛𝚎 𝚋𝚞𝚛𝚒𝚎𝚍 𝚋𝚎𝚗𝚎𝚊𝚝𝚑 𝚝𝚑𝚎 𝚠𝚎𝚒𝚐𝚑𝚝 𝚘𝚏 𝚒𝚗𝚏𝚘𝚛𝚖𝚊𝚝𝚒𝚘𝚗, 𝚠𝚑𝚒𝚌𝚑 𝚒𝚜 𝚋𝚎𝚒𝚗𝚐 𝚌𝚘𝚗𝚏𝚞𝚜𝚎𝚍 𝚠𝚒𝚝𝚑 𝚔𝚗𝚘𝚠𝚕𝚎𝚍𝚐𝚎;
𝚚𝚞𝚊𝚗𝚝𝚒𝚝𝚢 𝚒𝚜 𝚋𝚎𝚒𝚗𝚐 𝚌𝚘𝚗𝚏𝚞𝚜𝚎𝚍 𝚠𝚒𝚝𝚑 𝚊𝚋𝚞𝚗𝚍𝚊𝚗𝚌𝚎 𝚊𝚗𝚍 𝚠𝚎𝚊𝚕𝚝𝚑 𝚠𝚒𝚝𝚑 𝚑𝚊𝚙𝚙𝚒𝚗𝚎𝚜𝚜.
𝚆𝚎 𝚊𝚛𝚎 𝚖𝚘𝚗𝚔𝚎𝚢𝚜 𝚠𝚒𝚝𝚑 𝚖𝚘𝚗𝚎𝚢 𝚊𝚗𝚍 𝚐𝚞𝚗𝚜."

─ 𝘛𝘰𝘮 𝘞𝘢𝘪𝘵𝘴

Continued thread

…At a time when #trade was largely financed in gold & silver, the mercantilists thought of it in terms of accumulating #wealth, or “#treasure.” #Trump thinks in terms of dollars rather than gold, but little rests on that distinction. In his remarks on Wed, he repeated his unfounded claim that #Canada was *subsidizing* the #US to the tune of $200B a year. (Trade payments aren’t subsidies, & last year the US deficit in trade on goods & services w/Canada was well under a $100B.)

alojapan.com/1234577/japan-cit Japan Cities: Can Osaka Emerge From Tokyo’s Shadow #CentralPark #cities #green #Japan #NewYork #OfficeSpace #Osaka #OsakaTopics #RealEstate #Tokyo #tourism #view #wealth #大阪 #大阪府 Osaka has long suffered from second-city syndrome. In the shadow of Japan’s capital, where wealth and power are centralized, Osaka has wilted. Tokyo controls more, earns more, spends more. During the nation’s economic downturn, Osaka was harder hit, as competit…

Continued thread

>> BRIAN: It's obvious to me that there's a feedback loop involved in #wealth, which to say if you get a little bit #rich, you are very likely to get richer. It works the other way 'round with #poverty - if you get poor, you’re very likely to get poorer, so those things are not self-correcting...it doesn't work. There's not the #TrickleDownTheory that people used to believe in...that it's good for people to get rich 'cuz that money gets dispersed among poorer people so it helps them.

>>