Capitalism is the virus, Socialism is the vaccine!

By Nikos Mottas.

The 2008 global capitalist economic crisis, the effects of which are still visible today, was a tremendous opportunity for the big capitalists to increase their wealth. During a period of ten years, from 2008 to 2018, the number of billionaires was doubled, like their profits. It has been proved that the crisis generates more capitalists.

The Coronavirus pandemic, which has plagued the world since the beginning of 2020, comes to confirm that capitalist barbarity “feeds” from the people's death, poverty, impoverishment and exploitation. The recent report by Forbes is revealing: 

Capitalism in Australia: A record number of elderly people are sinking in poverty, debts

According to an interesting report of news agency Xinhua from Canberra, debt assistance services have warned that a record number of elderly Australians are living in poverty.

The National Debt Helpline (NDH), the government's financial counselling service, is on-track to receive a record number of calls in 2018 and staff have observed a marked increase in the number of older Australians who cannot pay their rent or mortgage.

This is Capitalism #7 - Richest 1% on target to own two-thirds of all wealth by 2030

According to a report published in The Guardian (7 April), the world’s richest 1% are on course to control as much as two-thirds of the world’s wealth by 2030. 

An alarming projection produced by the UK House of Commons library suggests that if trends seen since the 2008 financial crash were to continue, then the top 1% will hold 64% of the world’s wealth by 2030. Even taking the financial crash into account, and measuring their assets over a longer period, they would still hold more than half of all wealth.

North Korea slams the United States' "government of billionaires" for human rights violations

Pyongyang, January 30 (KCNA) -- The DPRK Institute of International Studies Tuesday released the "White Paper on Human Rights Violations in U.S. in 2017".

According to the white paper, soon after being inaugurated as president, Trump filled the important posts of his administration with billionaires, who had "contributed" to his election campaign, and their mouthpieces.

Secretary of State Tillerson, Secretary of Commerce Ross and also the secretaries of Treasury and Defense are all billionaires from conglomerates. The total assets of public servants at the level of deputy secretary and above of the current administration are worth of 14 billion US$.

This is Capitalism #5 - The world's richest 1% took home 82% of the wealth produced by workers in 2017

Eighty two percent (82%) of the wealth generated last year went to the richest one percent of the global population, while the 3.7 billion people who make up the poorest half of the world saw no increase in their wealth, according to a new Oxfam report released today. The report is being launched as political and business elites gather for the World Economic Forum in Davos, Switzerland.

This is Capitalism #2 - World's wealthiest capitalists became 1$ trillion richest in 2017, while 22,000 children die each day due to poverty

This is Capitalism No #2