"We live in a world where a few people capture unimaginable wealth while billions are denied access to basic needs. Such extreme inequality is not natural or inevitable. It is an effect of the dominant economic system, capitalism, where production is controlled mostly by capital and organized around maximizing and accumulating profit, rather than securing human well-being.
Capital accumulation requires cheapening labour and resources, particularly in the global South. This produces inequalities between classes and leads to uneven development between regions. It also drives ecological breakdown, and while some benefit from the exploitation of our planet’s ecosystems, others suffer the damages."
#Inequality #GlobalInequality #Poverty #Capitalism #GlobalSouth #WageSlavery