For all the faults of those who governed in his name, #KarlMarx was quite right about #valorization and #exchange.

The exchange of capital creates no new value, but instead results in the further accumulation of wealth. This is what happens in non-productive capitalist economies such as that of the UK. The rich get massively richer, and the poor struggle to survive.

#Kapital #inequality #wealth

https://www.theguardian.com/inequality/2023/jan/16/oxfam-calls-for-new-taxes-on-super-rich-pocket-dollar-26tn-start-of-pandemic-davos?CMP=Share_AndroidApp_Other

Call for new taxes on super-rich after 1% pocket two-thirds of all new wealth

$26tn of new wealth created since start of pandemic went to richest, Oxfam report reveals

The Guardian