Why are millions-of-people living in poverty around the world, even in countries with vibrant economies?
The answer is simple. Those economies are run in the interests of corporations rather than people.
A report produced by Corporate Watch - Global Policy Forum and the Institute for Policy Studies has revealed that of the 100 largest economies in the world, 51 are corporations: just 49 are countries. American corporation Wal-Mart (Asda in the UK) has a bigger 'economy' than 161 countries.
The report also shows that, as corporate profits soar, concentrating colossal wealth in the hands of a global 'elite', the wages and conditions of workers have stagnated or fallen. More and more people living in poverty in developed economies are in employment.
In another in-depth report, published by academics at the Zurich Polytechnic Institute, it is revealed that just 147 companies control 40% of all global trade.
So, why do elected politicians allow this to happen to the people they are supposed to serve?
Again, the answer is simple. The global capitalists who are fleecing us all, also make massive donations to political parties, usually those on the right of the political spectrum, such as the Conservative & Unionist Party in the UK. Politicians, usually but not exclusively Tory, also frequently find themselves serving as non-executive directors on the boards of corporations, receiving obscene salaries for little or no actual work.
The capitalist system, under which this happens, is corrupt. Capitalism is based on exploitation: the wealthy 'elite' exploit the majority. Workers are paid less than the true value of their labour; then those same workers buy the products created by their own labour, but at prices greater than their actual value. At both stages of the capitalist system, workers are exploited and fleeced in order to deliver profits for the bosses.
Against the corrupt capitalist system remains the reality that the power of the people is greater than the people in power. Sadly, though, newspapers and television stations are also owned by capitalists, and those mediums are used to indoctrinate the people into believing there is no alternative to capitalism. The people in power are never properly challenged, and the power of the people is undermined before it grows momentum.
For all their power and wealth, for all their control of the state apparatus, the millionaires could not defeat the millions if we realised the power we hold and took collective action. The power of the working class could bring the capitalist exploiters to their knees with national and co-ordinated international general strikes.
Until the people are prepared to fight back, politicians will continue to be bought and sold for corporate gold, and national economies will continue to operate in the interests of corporations rather than the people.
Whose side are you on?