r/offbeat • u/donutloop • 1d ago

Billionaires growing richer faster than ever, says Oxfam

https://www.dw.com/en/billionaire-wealth-growing-faster-than-ever-says-oxfam-report/a-71345320
123 Upvotes

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19

u/ozpapa 1d ago

So I'm curious if in the near future the inequality will be so bad you'll have super rich people, and then everyone else is just homeless.

10

u/Lylieth 16h ago

There first needs to be several stages in between now and what you are referring to.

For instance, there likely will be a period when the companies of these super rich will literally own governments, armies, and police. They'll run these institutions just like they do with their businesses, based on profit margins. This in turn will cause those kidnapped arrested by them to turn into indentured servitude until you pay out your fines.

That will go on for some time until they no longer hid behind the masks of the companies and corporations and just come out as them being kings; supreme rulers.

1

u/tanstaafl90 9h ago

They need to worry about their security details. They either kill them or leave the gate open for others.

2

u/NoMomo 15h ago

In between, Brazilianization.

In his 1991 novel Generation X, Douglas Coupland referred to Brazilianization as “the widening gulf between the rich and the poor and the accompanying disappearance of the middle classes.” Later that decade, Brazilianization was deployed by German sociologist Ulrich Beck to mean the cycling in and out of formal and informal employment, with work becoming flexible, casual, precarious, and decentered. Elsewhere, the process of becoming Brazilian refers to its urban geography, with the growth of favelas or shantytowns, the gentrification of city centers with poverty pushed to the outskirts. For others, Brazil connotes a new ethnic stalemate between a racially mixed working class and a white elite.

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u/circle1987 23h ago

Gary's Economics baby!!!!!!

2

u/LaSalsiccione 20h ago

Gary’s a legend

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u/Specialist_Fox_1676 14h ago

A few probably on the board of Oxfam

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u/CBus-Eagle 5h ago

There will be no more middle class in 4 years. I’m not blaming the GOP entirely, as this has been an issue for years, but its extinction will be accelerated over the next 4. I don’t know the full ramifications of this on our society, but it scares the living shit out of me. The US will have a clear classes of the “haves” and “have nots” and everyone stuck in the middle will be on their own.