STWR - Share The World's Resources

During the 20 years of FAIR’s existence, there have been two periods when mainstream journalists made promises about dedicating themselves to greater coverage of poverty, racism and inequality. The first followed the Los Angeles riots of 1992 (Extra!, 7-8/92); the second was after Hurricane Katrina destroyed much of New Orleans (Extra!, 7-8/06). Both promises went largely unfulfilled.

Class allows us to connect the present with the past and to understand the malignancies of a modern economic system based on inequity and fear

In a new study, the Asian Development Bank (ADB) reports that the gap between the rich and poor in many Asian countries, particularly China, has grown significantly in recent decades as economies have boomed. The United States is struggling with the same issue as new technologies such as the Internet converge with fluid and speculative economic markets, bolstering the “super-rich,” according to The Observer.

European business leaders have traditionally taken home far less compensation than their American counterparts. But European executive compensation has been rising, and these pay increases have citizens in European nations deeply concerned.

Ministers now accept the gap between rich and poor is too wide, but still refuse to face the political cost of action to narrow it

Briton is becoming a segregated society with the gap between rich and poor reaching its highest level for more than 40 years, a report showed today.

In 2002, the Bush administration’s National Security Strategy of the United States famously declared that there was now “a single sustainable model for national success: freedom, democracy, and free enterprise.” Around the world, and at home, this claim finds ever fewer takers. It is not hard to see why.