Globalisation drives inequality

well, are we surprised...? the ideal of globalisation would be to raise living standards and raise people out of poverty worldwide... but that was never the intent... the intent, plain and simple, has always been to extend the power, control and ability to accumulate wealth of the world's super-rich, who had begun to exhaust the possibilities of the developed world and needed new markets to exploit and more consumers feeding at the trough... of COURSE globalisation, when practiced in that context, increases inequality...

Despite unprecedented economic growth in recent years, the rich have become richer and the poor even poorer, says a new U.N. report that also shows women facing more hardship than men in all walks of life.

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"Ignoring inequality in the pursuit of development is perilous," the report warns. "Focusing exclusively on economic growth and income generation as a development strategy is ineffective, as it leads to the accumulation of wealth by a few and deepens the poverty of many."

The authors note that in a world of increasing technological development, when societies should be benefiting from economic progress, many are facing "alarming increases" in the discrepancies between rich and poor.

Even comparatively wealthy nations like the United States, Canada and Britain have failed to escape this trend. And while China and India have seen considerable economic growth, the two largest Asian nations have also failed to address the issue of inequality.

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