Inside Sport

Richest 62 people own as much as half the world's population: Oxfam


https://forum.insidesport.com.au/Topic2298363.aspx

By Murdoch Rags Ltd - 19 Jan 2016 1:48 AM

Quote:
An Oxfam report has found 62 of the world's richest people own the same amount of wealth as half of the world's population, a statistic the charity is using to highlight the scale of global inequality.

Five years ago the dubious honour of having more wealth than half the world's population went to a group of 388 people.

Oxfam said the wealth of the world's richest 62 people had increased 44 per cent, or about half a trillion dollars, over that time.

During the same period, the wealth of the bottom half has dropped 41 per cent, or over a trillion dollars.....
http://www.abc.net.au/news/2016-01-18/oxfam-uses-global-wealth-report-to-highlight-inequlity/7096688
By AzzaMarch - 21 Jan 2016 10:42 AM

GDeathe wrote:
Got to laugh at the morons in this thread who are bitching and moaning about capitalism and the rich but in every other fucking thread lament about the A-league not having P&R and having a salary cap...

Ponder this...for a leftard to visit the grave of Karl Marx they have to pay a 4 pound entrance fee to a private cemetery

Edited by GDeathe: 20/1/2016 09:23:42 PM


Except that one is a recommendation for how a sporting competition should be run, and the other is a recommendation for how an economic system catering to the whole of society should be run. Not really analogous examples methinks.

In reference to the Karl Marx thing, one thing I have always thought interesting is comparing American sports with European ones:

USA - home of free market economics.
Sports are franchise based "socialist" models with no P/R, salary caps, collective bargaining, collective profit sharing between owners, drafts to equalise teams etc.

Europe - home of "social democracy".
Football at least is completely free market, P/R, no collective bargaining, salary caps, draft etc.

Interestingly, it has been suggested that the above has evolved due to the different mindsets, eg-

With the US's capitalist mentality, the NFL and clubs have quite deliberately acted as a cartel to exploit monopolistic market powers. They are acting from a capitalist mindset to "game the system" and maximise their power, and profit.

Whereas the custodians of football in Europe structured their sport on a "noble amateur" ideal, and this has been exploited by clubs acting in a capitalist mindset.

Some food for thought!