SATISH SHARMA - not just Rotigraphy.: STIGLITZ, NOBEL PRIZE IN ECONOMICS, ALERTS: TRUMP'S OLIGARCHY AND MULTIBILLIONAIRES ATTACK DEMOCRACY LIKE NEVER BEFORE

https://x.com/DosRunas/status/2046290461921353780

Runas Dos Lunas

Translated from Spanish

 STIGLITZ, NOBEL PRIZE IN ECONOMICS, ALERTS: TRUMP'S OLIGARCHY AND MULTIBILLIONAIRES ATTACK DEMOCRACY LIKE NEVER BEFORE
Joseph Stiglitz unabashedly denounces the MIND-BLOWING SELFISHNESS of Silicon Valley's libertarian ideology.
Today's inequality far surpasses that of the GILDED AGE of the 19th century. Rockefeller was rich, but his fortune pales in comparison to that of Elon Musk, Larry Ellison, or Jeff Bezos. Their political influence under Donald Trump is unprecedented.
Unlike those magnates who funded libraries, universities, and research centers for the common good, these new oligarchs reject any social responsibility.
"THEY HAVEN'T DONE ANYTHING ON THEIR OWN": the internet and much of their innovations emerged from research funded by public money. Today, they boast of being "self-made" while amassing unlimited power.
Shocking data:
The 50% of the world's population only received 1% of all the wealth created in the last 25 years.
In the next 10 years, trillions of dollars will be transferred between generations, consolidating not only an oligarchy, but a HEREDITARY PLUTOCRACY.
Stiglitz advocates for a global minimum tax of 2% on the assets of large corporations and billionaires: a moderate and necessary measure.
Do neoliberals make it on their own? Let them prove it in a desert or on Mars, without the infrastructure, public education, and collective advances that allowed them to get rich.
Democracy is at risk. The concentration of wealth and power threatens our shared future.
#Desigualdad #Economía #Trump #Oligarquía #Stiglitz