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Marc Adler

I am a graduate of NYU’s Gallatin School of Individualized Study and will start law school next fall.

February 19th, 2014 1:17 PM

Prescription for a More Just American Society

How to Solve the Crisis of Capitalism

A recent report by the Hamilton Project, a policy initiative launched by the Brookings Institution, has concluded that nearly half of all American families are living in poverty, near poverty, or are one major setback in income away from being plunged into poverty. This coincides with census data that came out in 2011.

More broadly, research by the World Bank indicates that roughly 80 percent of the world’s population lives on less than $10 a day. According to a report by the United Nations, “more than 2.8 billion people, close to half the world’s population, live on less than the equivalent of $2/day,” while “more than 1.2 billion people, or about 20 per cent of the world population, live on less than the equivalent of $1/day.” The UN further concludes that “nearly 1 billion people are illiterate; more than 1 billion people do not have access to safe water; some 840 million people go hungry or face food insecurity; [and] about one-third of all children under five suffer from malnutrition.” Equally noteworthy is the fact that “the top fifth (20 per cent) of the world’s people who live in the highest income countries have access to 86 per cent of world gross domestic product (GDP),” whereas “the bottom fifth, in the poorest countries, has about one per cent.” In addition, “the assets of the world’s three richest men exceed the combined Gross Domestic Products of the world’s 48 poorest countries.” Finally, UNICEF has established that 22,000 children die every day because of poverty.

These are some of the harsh realities of our capitalist world order.

Are there any viable alternatives?       Click this link to continue reading:   wym-1392833330476

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