![]() In short, many of us have begun to question whether market-based capitalism as we know it is capable of improving conditions for planet and people. ![]() Aside from rampant inequalities, we seem to be stuck in making real progress on climate change and losses of biodiversity. In fact, artificial intelligence, robotics, and smart devices are wreaking havoc on labor markets and generating growing calls for basic income to help avert even worse income inequality in the coming years. Labor productivity has never been greater but the rewards from this are not being evenly distributed. ![]() In 2017, the number had dwindled to just the wealthiest eight! In 2015, the number of wealthy people required to match the total income of the bottom 50 percent had dropped to just 62 while the top one percent of the world’s wealthiest now had more combined wealth than the rest of the 99 percent of the world’s population. In 2010, Oxfam found that the richest 388 billionaires around the globe had the same aggregate wealth that the poorest 50 percent of the people on the planet had (i.e., 388 people had the same wealth as about 3.5 billion people combined). Despite record-breaking stock market performance and record profits from many banks and technology companies, income inequality in many advanced countries, especially in the U.S., has actually been worsening. It doesn´t take a rocket scientist to realize that the economy is not working for many.
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