Nèdeem Elmahjoub's blog

The world's biggest gated community

The link between Brexit and death penalty

England " In Stockton-on-Tees, those living in the wealthier areas can expect to live as much as 18 years longer than those in the more deprived parts of the town. Life expextancy is 64 for a man. That's the same as Ethiopia." They must be those lazy people, smoking and drinking all day and who cannot go on a bike and look for a better job. How are they supposed to be healthy, shopping at wholefood and doing yoga?  Dying young in Stockton – England's most unequal town

UK Millions of families are worse off than 15 years ago

In a country that wants to bring "freedom" and "democracy" to others

Michael Roberts replies to the Financial Times' "Activist Manifesto" Recent empirical work on the US class division of incomes has been done by Professor Simon Mohun .  Mohun analysed US income tax returns and divided taxpayers into those who could live totally off income from capital (rent, interest and dividends) – the true capitalists, and those who had to work to make a living (wages).  He compared the picture in 1918 with now and found that only 3.8% of taxpayers could be considered capitalists, while 88% were workers in the Marxist definition.  In 2011, only 2% were capitalists and near 84% were workers.  The ‘managerial’ class, ie workers who also had some income from capital (a middle class ?) had grown a little from 8% to 14%, but still not decisive.  Capitalist incomes were 11 times higher on average than workers in 1918, but now they were 22 times larger.  The old slogan of the 1% and the 99% is almost accurate." From communism to activism? ...

The Average Black Family Would Need 228 Years to Build the Wealth of a White Family Today

Education in Britain (source:  bbc ) But researchers highlight some other questions muddying the waters. Students do not enter university unshaped by what went before.  How much of higher earnings in later life might be linked to coming from high-income parents, rather than anything to do with higher education? A key finding of the income research was that graduates from wealthy families ended up earning more than than those from poorer families, even if they studied the same course at the same university. But there is no escaping the growing sense of stratification in the university sector and differences in status. Belonging to the Russell Group [i.e. elite universities] has become a kind of self-conferred status symbol for its membership.

In the so-called 4/5 economy in the world "Wealth of people in their 30s have halved in a decade"

Everyone in India thinks they are 'middle class' and almost no one actually is

Here is of the things the Liberals have done in the last 20 years. IMF chief,  Christine Lagarde, also blogged  that  “Weak global growth that interacts with rising inequality is feeding a political climate in which reforms stall and countries resort to inward-looking policies. In a broad cross-section of advanced economies, incomes for the top 10 percent increased by about 40 percent in the past 20 years, while growing only very modestly at the bottom. Inequality has also increased in many emerging economies, although the impact on the poor has sometimes been offset by strong general income growth” . And what is their solution now? More globalisation. Some of them even argue for the colonization of Mars . That is what we can call a global economy of priorities that serves humanity!

When Martin Wolf and the FT say this , it means the ruling class is worried.

Football Apart from being the opium of the our era , it is a crminal industry. Here is just one feature of this criminality, which people support and encourage it. Find out how long it takes Ronaldo, for example, to earn your annual wage. Or, how long it would take you  to earn Cristiano Ronaldo's annual wage?