That’s exactly what Henry Porter argues in an interesting article in the Guardian entitled “American gun use is out of control. Shouldn’t the world intervene?” In support of his argument Porter presents three interesting facts that deserve our attention: 1. The annual death toll in the US from firearms is running at 32,000 and rising. 2. There have been more casualties from firearms in the US in the last 45 years alone (total 1,384,171) than the number of US casualties in all wars involving the US (total 1,171,117), including the American Revolution, the Civil War, World Wars I and II,…
The religion of capitalist economics
In earlier posts we mentioned the Oxfam report entitled “The cost of inequality: how wealth and income extremes hurt us all,” which outlined how the annual income of richest 100 people is enough to end global poverty four times over (i.e. while the annual net income of the world’s richest 100 billionaires is about $240 billion, the estimated cost of raising everyone worldwide above the $1.25 a day poverty line is about $66 billion). Recently Oxfam released another report, “Working for the Few: Political capture and economic inequality,” which maps the the general distribution of wealth on a global level.…
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