If the capital is concentrated in the hands of a few individuals or state, the majority of people are exploited by a handful of people. As a result of this process of severe exploitation, a serious explosion takes place. This explosion is known as a depression in the economic world. The concentration of wealth and particularly the concentration in the value of wealth is the fundamental cause of depression. – Shrii Prabhat Rainjan Sarkar
No individual should be allowed to accumulate any physical wealth without clear permission or approval by the collective body.
– Prout’s 1st fundamental principle
It is difficult for the common good to prevail against the intense concentration of those who have a special interest, especially if the decisions are made behind locked doors. -Jimmy Carter
Market forces and capitalism by themselves aren’t sufficient to ensure the common good and to limit the concentration of wealth at levels that are compatible with democratic ideals. -Thomas Piketty
To be honest with you, I worry about the concentration of ownership in media, where you have a handful of media conglomerates largely controlling what we see, hear and read. -Bernie Sanders
The concentration of executive power, unless it’s very temporary and for specific circumstances, let’s say fighting world war two, it’s an assault on democracy. -Noam Chomsky
The concentration of U.S. income and wealth in the hands of the very rich is a new development in my lifetime. -Paul Craig Roberts
- 2030: The richest 1% will control two-thirds of World’s wealth.
– House of Commons (UK) library figures - 2019: The world’s 26 richest people own the same wealth as the poorest half of humanity. – Oxfam
- 2018: The super-rich accumulated 82% of the wealth created the year before – the poorest half of world got nothing. – Oxfam
- 2017: World’s 8 richest men are as wealthy as half the world’s population
- 2016: World’s richest 62 people as wealthy as half of the world population. – Oxfam
- 2015: 1% of the world’s population will own more wealth than the other 99% by next year. – Oxfam
In Russia 25 years after the collapse of Communism:
- 1% of the Russian population controlled 71% of all wealth
- 110 persons controlled 35% of all wealth
- More than 9 out of 10 Russians owned less than the equivalent of $10.000
(source: Credit Suisse 2013)
Shrii Prabhat Rainjan Sarkar on social wealth