Before you read this article visit what one of the longest serving veteran US Senator in American history has to say about the 'cancer' that is destroying America's way of life and the backbone of their nation, the middle-class, who have lost the most and will continue to do so under the present economic values.
'American's Real Struggle-- Against Billionaire Oligarchy' (2015) by US Senator Bernie Sanders - http://www.opednews.com/articles/American-s-Real-Struggle--by-Bernie-Sanders-Billionaires_Oligarchy_Real-Democracy-150209-894.html
And also, how the TTP (Trans Pacific Partnership) will wreak havoc on future America and its people - 'This is what corporatocracy looks like!: Trading US Democracy for Corporate Profits with TPP' - http://www.opednews.com/articles/This-is-what-corporatocrac-by-Dave-Lindorff-Corporate-Corruption-Crime_Corporate-Rule_Corporatocracy_Democracy-150215-572.html
Where we are presently - China now has the largest Corporations in the World and all fuelled by the 'Greed' of the Few and Super-Rich in the West where they have basically sold the West's people down the Swanny for their own self-interest
To add to the constant warning again concerning the immense economic might and threat from the East and especially China, Forbes last month detailed that China's corporations had taken over the top three spots of the largest corporates in the world and that in the latest Forbes's list of the top 10 companies, five were now Chinese. And all made possible by vast western investment continually over the last 30-years with no consideration whatsoever for the dire destabilising effect that this would have on the futures of people living in the West and for all future generations to come
Deprivation in Britain and Poverty is getting far worse and even among working families according to a recent in-depth joint study by leading universities and government agencies (June 2014) - the PSE Project Report ('The Poverty and Social Exclusion project Report).
Indeed according to the report 1 in every 3 people in the UK are now living in poverty.
The report was undertaken by,
The University of Bristol
The Open University
Queen's University Belfast
The University of Glasgow
The University of Oxford
The University of Birmingham
The University of York
The National Centre for Social Research
The Northern Ireland Statistics and Research Agency
The report stated that 18 million Britons live in inadequate housing conditions (damp environments et al), 12 million people are too poor to engage in common social activities, one in three people cannot afford to heat their homes adequately in the winter and four million children and adults are not properly fed.
Some 30-years ago 14% of UK people lived in poverty, but despite the size of the economy doubling since 1983 (actual quantitative and qualitative research conducted in 2013), now 33% of the British people live in poverty.
'Four Horsemen - Feature Documentary - Official Version' (How the world really is by international economists and eminent thinkers) - https://www.youtube.com/watch?v=5fbvquHSPJU
To add to the constant warning again concerning the immense economic might and threat from the East and especially China, Forbes last month detailed that China's corporations had taken over the top three spots of the largest corporates in the world and that in the top 10 companies, five were Chinese. And all made possible by vast western investment continually over the last 30-years with no consideration whatsoever for the dire destabilising effect that this would have on the futures of people living in the West and for all future generations to come
It also has to be noted that in 2011 the world's GDP jumped from US$64 trillion in 2010 to US$71 trillion (an increase of global wealth created of US$7 trillion). This was the greatest ever surge in wealth creation recorded in the world's GDP in a single year. So another question that has to be asked is, why did not the vast majority of people throughout the world (and especially in western economies) feel a rising increase in wealth also instead of a reduction in wealth? The answer can only be that the minority few increased their wealth - the super rich and corporate executives as this US$ 7 trillion had to go somewhere.
What happened of course as history has shown is that as these vast investments transferred to China in particularly, huge job losses in western manufacturing and service industries were lost and more predominantly in the West's manufacturing sector. With this western plants and operations were closed at a speed of knots never seen before and with that tens of millions of what were before western jobs, transferred from the West's economies to the emerging East. No consideration whatsoever was given by big business (that has no empathy with humanity in reality and where only shareholders are their only concern) to these tens of millions of job losses in the West over the last three decades.
Indeed due to this negligent and self-interest nature of big business, Detroit City was made bankrupt as just a single effect on the US economy.
So basically the real demise of western economies and their people was caused by the West's largest corporations and banks investing not in jobs and long-term security of western people, but in investing in the economies of the East on an unprecedented scale. Indeed the 'Fast buck' mentality of the 'Market' destroyed the futures of over 90% of western people (USA and EU predominantly including the UK). In this respect also do not believe the massaged government unemployment figures for the UK, as the true official unemployment and economically inactive in the working age group 16-64 year of age is 8.82 million (excluding retired pensioner that number a further 10.8 million - June 2014).
As at April 2014 there were 30.54 million people aged 16 and over who were in employment and 19.62 million unemployed, economically inactive and pensioners, the employment to unemployed ratio is 30.54:19.62. Therefore nearly 20 million people are reliant on 30.54 million employed people for their very existence in many ways in the UK today (as they are the ultimate creators of wealth for the welfare state). But a future problem to come for the UK is that economists and statisticians predict that by 2050 (and only some 36-years from now) there will be 19 million pensioners to support in their twilight years. So further economic and social hardship will invariably come in future times. One of the reasons why out stupid politicians have an open door to immigration as they see new and young people from the EU as their salvation in this respect, but where of course they always forget that these young people will be old someday. So the EU is a nice smoke screen in some ways and someone to blame.
'The Illusion of Democracy' - http://www.opednews.com/articles/The-Illusion-of-Democracy-by-Gilbert-Mercier-150304-357.html
When we look back over the last 30-years we can see that the wealth of the world has predominantly gone to the richest people and where last year according to Credit Suisse in their 'Global Wealth Report', a mere 0.7% controlled 41% of the world's total wealth and the top 10% controlled 86% of the world's total wealth, leaving a mere 14% of the world's total wealth to the remaining 90% of the world's population. Adding to this Forbes quoted last year that the 'Global 2000' controlled 51% of the world's total economic turnover (a mere 2,000 companies) and one can clearly see what globalization has done for humanity. One can also see through this immense financial and economic power that US and EU politicians are the puppets and not the puppeteer in this so-called working together arrangement. Indeed this has been the case since 1945 and where money has always talked behind closed doors. In this respect the vast contributions in both the American elections for president and those for the British prime minister are a pointer to the close arrangements between powerful corporates and the political elite.
'The Lie Machine' - http://www.opednews.com/articles/The-Lie-Machine-by-Paul-Craig-Roberts-America_Corporate_Corporations_Power-141012-777.html by Dr Paul Craig Roberts, former Assistant Secretary of the US Treasury for Economic Policy in the Reagan Administration
This system has taken from everyone on the planet except for the top 10% of humankind. Indeed this 10% is getting richer by the year and where they will get even richer with the present capitalist globalization model in full flow. In this respect the EU-USA Trade Pact (TTIP - Transatlantic Trade and Investment Partnership) will add more wealth to the few and give nothing back to the 90% of the population of the USA and EU who are the ones who physically buy these goods and services. It is ironic that the ones who make the TTIP possible and work (spend the bulk of their money within this trade agreement) will be the ones again who will suffer. The reasons are made clear below.
'Julian Assange on the Trans-Pacific Partnership: Secretive Deal Isn’t About Trade, But Corporate Control'
'Fast Track Trade Traitors Murderers and Enemies' - http://www.opednews.com/articles/Fast-Track-Trade-Traitors-by-Rob-Kall-Enemies_Enemies-Of-Democracy_Fast-Track_Killing-150614-57.html
Several things are known though and where these built in clauses that have been drafted to date are overridingly not in the clear interests of the majority of the American people or people within the EU28.
2. The Secret TTIP Court
The TTIP court will rule over all trade disputes without the people, who pay for the goods and services, being able to have their say. So if a corporation cannot obtain the agree mark-up on their goods that they sell to the American people or the people of the EU (some 800 million+), they will acquire it through the taxpayer and where the people one way or another will pay in the end. What happened to competition one has to ask and where the corporation will be fully protected, not the people themselves who to all intents and purposes will be fleeced. It is beneath contempt that our politicians are allowing this, but they certainly are.
Therefore if this trade pact is signed off by our politicians, the vast majority of the people (90% at least) will not gain at all through this agreement but where the mighty corporations, their investors and the rich will as usual. It is strange how our politicians are allowing all this to go on and place their people in ever more future debt. But where it has to be said that both politicians and the corporations lie in the same bed of self-interest these days.
The so-called 'Free-Press' and their Involvement in Suppressing what is really going on
It is strange that little has been mentioned or wrote in the media in general about the EU-USA trade agreement. Indeed, certain newspapers have refused to print even letters that inform the UK people about the TTIP.
Recently in June 2014 as an example, a regional paper who would not put in print the following letter.
" TW's letter was intelligently to the point as usual (NHS is becoming private - 6 May 2014). For people just do not know what our politicians are cooking up behind closed doors with the giant multinationals with regard especially to the USA-EU trade pact. Looking in-depth at the deal it certainly will not benefit 90% of the people in the EU including Britain (we are seen as the cash-cow by the corporation) and only the rich 10%, who according to Credit Suisse's 'Global Wealth Report' last year controlled 86% of the world's total wealth and where a mere 0.7% controlled 41% of the world's total wealth will benefit.
For this new trade pact will allow corporations (the rich shareholder's cash-cow) a minimum profit and if they do not get this they can legitimately sue sovereign governments for it - a guaranteed profit and not in the interests of the vast majority of the people. Indeed corporations in secret courts (yes, secret courts where no-one other than the parties will have access) will be able to override sovereign laws of the land. Sounds impossible, read the small print within the trade pact if you must.
Therefore inequality will grow even further over the coming years (has been doing so in the west for 25 years now in real terms) with this trade agreement and where the 'middle-class' in the west will decline significantly over the next two decades in preference to the super-rich and wealthy who wish to have this negative trade cake and eat it. Indeed it is like research published today by the think-tank Civitas that states that the EU has provided the UK with NO trade benefit. In this respect it states that trade with other EU nations makes up no more of the UK's trade now than it did just before Britain joined up to the EEC in 1973. But of course the politicians will have an answer as usual to these economic findings that indicate that there is no economic basis for staying in the EU."
The reason for not accepting the letter from the sub-editor was,
But back to the main thrust and where politicians hand-in-hand have worked with the West's giant corporations behind closed doors since the end of WW2. Indeed our political custodians of our democracy have ridden roughshod over the people and lined their pockets as much as the executives and shareholders of the corporations. This has caused a development mechanism around the world that awards vast wealth to the very few and our political classes but which has taken away continuously the wealth of the people for their own self interests.
In this respect a great cause of conflict around the world is down to immense wealth disparity between the few and the many. Indeed this has been the reason for revolutions as history has recorded. But in modern times a strange thing happened also and where although the majority of people got poorer after the financial meltdown in 2008, for the first time in history, the rich got ever richer - this phenomena had never happened before (not even in the 'crash' of the 1930s or the China Sea bubble) and where the richest 100 people in the world in 2012 increased their personal wealth by a staggering $240 billion, enough according to OXFAM to make extreme poverty history four times over.
Therefore it appears that with our politicians hand in glove with the mighty corporations, this control mechanism over the people of the world will not solve humanity's greatest problems and where they will be exasperated by this global development mechanism that makes the very few richer than they could ever have imagined and place 90% of the world's population in declining living standards and poverty.
Is this the system that will save the human experience? I very much doubt it but where as the world eventually implodes, the rich will also be dragged into the demise of humanity as there will be no hiding place. Unfortunately these people think that they are immune but where very quickly they will find out that they certainly are not.
Therefore considering these facts it is in the richest and most powerful people in the world's interests to change to a system that is sustainable and pluralistic in nature. If not, the grandchildren of both 90% of the people of the USA and EU will certainly suffer as the economic might of the East, that has been fuelled by western corporations and western banks, bits us all back where it hurts most, the economy and ever reducing standards of living. For China has only one primary objection in this respect, to control the global economy that both the USA and countries within the EU once controlled. But things this time will be extremely hard as China takes no prisoners as history again has shown clearly.
Dr David Hill
World Innovation Foundation
20 June 2014
(updated 14 June 2015)
Links & Information
The World's Largest Companies: China Takes Over The Top Three Spots
Western Politicians and Corporate Leaders have sold people in the West down the Swanee
Film Documentary - 'The Corporation : The Pathological Pursuit of Profit and Power' https://www.youtube.com/watch?v=Y888wVY5hzw
World Bank - World GDP in Nominal Terms and in Current US Dollar Worth (1961-2012)
UK's Debt is far more than what people really think
Poverty hits twice as many British households as 30 years ago - The Guardian (19 June 2014)
The European Union (EU) is Heading Towards Terminal Economic Decline, but where their Politicians Haven't the Knowledge to Realise What is happening and Why?
Office of National Statistics (ONS) - 'The latest on the UK labour market (February> April 2014)
With Global Natural Resources Running Out this will lead to Global Wars that will Destroy the Human Experience if Political Leaders and the World's Most powerful Corporations Do Not Come to their Senses over the next 20-years
The Ageing Population
With the Constantly Growing Economic and Financial Might of China and South-East Asia, the West has to Fight Back using its ‘Greatest Strength’, the Liberation and Innovative Exploitation of its Superior Fundamental Thinking in the field of Creative Global Technologies
Later Life in the United Kingdom - June 2014
Democracy died a death when 'Partyocracy' and 'Corporatocracy' Corrupted the System and became the New way to Control People and run a Nation
This transatlantic trade deal is a full-frontal assault on democracy
The vast wealth of the few and the poverty of the many will fuel eventually global conflict
The cost of inequality: how wealth and income extremes hurt us all
Globalization is not the panacea for global Good or the sustainability of Future Humanity and can only end in a world in extreme conflict with itself and oblivion
Global Wealth Report 2013 - Credit Suisse
Global Corporations, the people's Governments, Natural Resource Depletion and Dire Global Climate Change are starting to act together to destroy humanity...and that is a fact
Forbes Global 2000: The World's Largest Companies In 2013
Global Poverty and Inequality are the Reasons for Wars and our Politicians and the Super Rich should Clearly Understand This !
Foreign Trade Practices Are Often Predatory
The European Union ( EU ) is a long-term ‘Disaster’ waiting to happen over the next two-decades and therefore why should we the people pay for an ultimately failing system - especially when there is no accountability and the costs are astronomical and rising?
Big Business and Western Governments are leading us to the Abyss and Agamemnon in Many Ways
'Corporate Psychopaths, Transcript of Interview with Clive Boddy, Author, part 1' - http://www.opednews.com/articles/Corporate-Psychopaths-Tra-by-Rob-Kall-130727-402.html
'Corporate Psychopaths and Bullies, Transcript of Interview with Clive Boddy, Author, part 2' - http://www.opednews.com/articles/Corporate-Psychopaths-and-by-Rob-Kall-130727-614.html
'Chomsky Talks about Psychopaths and Sociopaths' - http://www.opednews.com/articles/Chomsky-Talks-about-Psych-by-Rob-Kall-Corporations_Health-Mental-Sociopath-Narcissism_Narcissism_Psychopath-140215-378.html
'Who Are the Enemies of Democracy?' - http://www.opednews.com/articles/opedne_rob_kall_060219_who_are_the_enemies_.htm
'Corporatism is Killing America' - http://www.opednews.com/articles/Corporatism-is-Killing-Ame-by-Rob-Kall-120819-348.html
'World War Three Is Under Way and YOU Are the Enemy' - http://www.opednews.com/articles/World-War-Three-Is-Under-W-by-Rob-Kall-110706-550.html
'Rob Kall: Traitors and Heroes/Traitors as Heroes' - http://www.opednews.com/articles/opedne_rob_kall_060827_traitors_and_heroes_2f.htm
'Calling Out and Challenging Evil... While We Still Can' - http://www.opednews.com/articles/Calling-Out-and-Challengin-by-Rob-Kall-121003-737.html
'Made In America; Real Monsters-- Corporate Personhood' - http://www.opednews.com/articles/Made-In-America-Real-Mons-by-Rob-Kall-110501-620.html
'The War Against Humanity; Targeting the Real Axis of Evil' - http://www.opednews.com/articles/opedne_rob_kall_071229_the_war_against_huma.htm
What you should know about the 'Gates Foundation' and Others, and how they manipulate the system to their own ends and predominantly unknown to the people - indeed they are not the so-called good guys that they make out to be - http://www.opednews.com/articles/Privatized-Ebola-by-Margaret-Kimberley-Bill-Gates_Bottom-up-Top-Down_Ebola_Philanthropy-Giving-141016-114.html
'The Billionaire Sentenced to Five Years in Prison' (25 December 2014) - http://www.opednews.com/articles/Billionaire-Sentenced-to-F-by-Rob-Kall-Billionaires_Corporate-Personhood_Hong-Kong-141225-388.html