Wealth Pyramid

Sometime around the spring of 1999, I stepped into my first day of a class that would change my life forever. It was African-American politics at William Paterson U, and in walked a polite and mild mannered man who would later become one of my most valued friends and mentors.

In my fuzzy memory, the first thing Yemane did, after telling us his name, was to draw a pyramid on the board. He divided that pyramid, a tiny line near the narrow top, which he labelled — 80% of the world’s wealth. Then he circled the rest of the pyramid, pointing especially to the large bottom part — 20% of the world’s wealth.

Actually I think it was more dramatic than that… Yemane was (and is) excellent at breaking down the world around us. From that point on politics, understanding who gets what, why, and how, became an obsession.

This week I see a familiar statistic… the global concentration of wealth report reveals that in the last 5 years… that pyramid has gotten worse. The people at the top, the small group, have gotten richer than ever before. And the rest of the people in that pyramid, the majority of people in our world, have gotten poorer.

The updated and more accurate statistic from the report is as follows:

  • 0.7% of world’s population control more than 1/3 of the world’s wealth.
  • Where? Half of that group are in North America, while 1/4 are in Europe.

I’ve always believed that this statistic is one of the best places to start if you want to pick apart what is wrong with the world. If you want to spark people’s concern and interest in figuring out why this has happened and the tremendous price humans pay because of this mind boggling inequality.

Later this week I’ll have a podcast on this topic, with guests. So stay tuned.

bmtv59 Majority Rule

In Federalist Paper Number 10, James Madison warned of the dangers posed by majority rule or small groups of people being able to control a nation. On today’s internet we are once again faced with the tyranny of the majority in the form of popularity. Any site you go to values whatever gets voted for or “dugg”. Yet just like in Madison’s time, we also must protect against the tyranny of the internet majority.

Click To Play

Work and Passion

Phone rings last thursday, it’s my friend Robert from Brooklyn Bridge.. a sustainable investment organization based here in Amsterdam that I’ve been working with. Not too long ago, I remember Robert had posted an opening on his blog, the organization is looking for a conference organizer to help with their annual sustainable investment conference in Paris. (Im going this year)

What is interesting, and I felt the need to share with you – the internets – is the trouble Robert is having. Despite the fact that the Netherlands is experiencing a job-boom, and that more and more people around the world are concerned about and dedicated to the goals and ideals of trying to make corporations behave more responsibly, he doesn’t find any such person who wants the job. To put it another way, no candidate has come forward that actually is passionate about the idea of sustainable investment.

So then the question comes to mind: is the current generation of people coming out of university seeking the type of work that not only will provide them with a good quality of life but also that has a larger global objective.. to improve the world in some way. Or rather, is it just about getting the cool job, some money, and buying the stuff they always wanted. Is it a quest for stuff or a quest for change?

After getting Robert’s call asking me about this issue, and then reading his related blog entry, I continue to wonder. Then again, as the video in his post points out, there is an unbelievable huge number of organizations, companies, and groups around the world dedicated to social justice, environmentalism, etc. Still, sometimes I get into conversations with university students, or recent grads, and it does seem like something isn’t clicking right. Where are the world changers?

I remember Anna

One year later, remembering Anna Politkovskaya.

A journalist amongst journalists. Human amongst humans.

Never forgetting the importance of journalists and reporters who are willing to speak up, speak out, and stay citical no matter what.

Never forgetting that she was murdered with the help of a corrupt government, who have murdered and oppressed in the name of profits and power.

I hope to one day be 1/10th of the kind of journalist she was.

bm227 Max Keiser on the European Market

Many of his predictions about the collapse of the housing market and the death of the dollar in the US have come true. But what does Max Keiser say about Europe in all this mess? What will happen to people on this continent as the US economy plummets? And of course the classic question, how far will privatization in Europe go?

MAx Keiser.com
Karmabanque Radio
Max’s Films on Al Jazeera English

We Discuss:
– sub prime lending, what is it?
– how is europe involved?
– What will happen to the Euro
– Savings in Europe
– privatization pressure
– bankers versus religious zealots
– what chance is there of stopping the trend
etc.

 

The Battle for Amsterdam’s Soul

Listening to a debate earlier today on Radio Netherlands’ podcast “Amsterdam Forum”, they had a panel discussion about prostitution in Amsterdam. See you may know that international image that the Netherlands is tolerant and prostitution is legal… and most of that statement is true. But times sure are a-changin.

Especially impressive is the amount of times, during the debate, the representative of the center-left party uses the term… morality. Yes, it isn’t just in theocracies or the United States, the art of legislating morality is being practiced right here in the world’s capital of freedom. Whatever freedom means these days anyway, that term has been completely dragged through the mud over the past decade.

But anyway, yes, they are talking about cutting down on the amount of prostitution in the Netherlands, reducing the amount of red lights, and even.. making prostitution illegal! Why? Well you can listen to the program to hear some of the arguements, which relate to human trafficing, organized crime, and abuse – for the most part.

Not that I like any of those three, but the idea that because there are still some problems something must be banned or declared illegal seems like a pretty rash decision. But then again, it is all part of legislating morality… teaching us sinners how to be good boys and girls.