Saturday, November 12, 2011

George Monbiot explains national bankruptcy

The 1% are the very best destroyers of wealth the world has ever seen, George Monbiot, The Guardian
"If wealth was the inevitable result of hard work and enterprise, every woman in Africa would be a millionaire. The claims that the ultra-rich 1% make for themselves – that they are possessed of unique intelligence or creativity or drive – are examples of the self-attribution fallacy. This means crediting yourself with outcomes for which you weren't responsible. Many of those who are rich today got there because they were able to capture certain jobs. This capture owes less to talent and intelligence than to a combination of the ruthless exploitation of others and accidents of birth, as such jobs are taken disproportionately by people born in certain places and into certain classes..."
Continue reading at George Monbiot at The Guardian

Additional reading at The Onion: Widening Gap Between Rich And Super-Rich Threatening American Dream
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