Global neoliberal oligarchs meet once again

"If the purported objective of neoliberal globalism was to foster collective prosperity, that objective has quite obviously failed."

World leaders are once again in Davos at the World Economic Forum to pat each other on the backs about how successful their economic policies have been. The problem is, these successes are obviously not being felt by everyone. As Luke Savage points out in his recent article about the conference:

[As] inflation outpaces the wages of 1.7 billion workers worldwide, the world’s billionaires are seeing their fortunes increase by $2.7 billion every single day. The gap, moreover, continues to widen, with the top 1 percent capturing nearly two-thirds of all new wealth created since 2020 — nearly twice as much as the other 99 percent of the global population.

In Canada, specifically, we aren't doing much better. According to a recent Oxfam report:

For every $100 of wealth created in the last 10 years, $34 has gone to Canada’s richest 1% compared to just $5 to the bottom 50%. That means that the wealthiest have made more than seven times more wealth than those in the bottom 50% over the last 10 years.

What this shows is that despite Canadians continuing to be productive and work hard, much of the wealth created from that labour is being taken by a small portion of the population who already have immense wealth. The way math works is if you continue having a greater share of your wealth stolen, eventually you are going to run out of anything to be stolen.

As governments bring in cruel austerity measures, and the commodification of healthcare, education, housing, and literally everything else ramps up, if allowed to continue, ordinary people like you and I are going to be left with scraps, while being forced to serve our modern day masters. Life should be about making things better for future generations. We are currently heading in the opposite direction. But we don't have to let it happen.