“Largest increase in global poverty since WW2”: capitalists... | Yogthos

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“Largest increase in global poverty since WW2”: capitalists profit while the rest of us suffer https://www.marxist.com/largest-increase-in-global-poverty-since-ww2-capitalists-profit-while-the-rest-of-us-suffer.htm

While the rich are enjoying some of the biggest wealth gains in history, things look increasingly bleak for working-class people of all countries. The IMF forecasts that one third of the world economy will see recession in the coming year. As the economy worsens, capitalist governments everywhere will do what it takes to place the burden on workers and the poor. Oxfam projects that three-quarters of world governments will decrease social spending over the next five years, with cuts expected to exceed $7.8 trillion.

The world working class has already seen a huge deterioration in its quality of life. For the first time ever, the United Nations global Human Development Index (HDI) has dropped for two years in a row. In fact, the HDI is declining in 9 out of every 10 countries.

Like 15 Feb 2023 at 18:19 | Open on mas.to

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