‘Another world is possible’: Peoples’ Social Forum demands change | rabble.ca

Posted: July 15, 2015 in Democracy, Economy, Labour

McQuaig, the author of The Trouble with Billionaires, criticized the influence of wealth in politics and the rise of corporate power.

She used the example of John Paulson, a hedge fund manager.

“In 2009, he made, in one year, $3.7 billion. That was his income. And he made it by betting on the sub-prime mortgage market which helped push the world into a recession from which we still have not fully recovered,” she said.

McQuaig likened that to making the same amount of money as 80,000 nurses — an example of an average income.

“In what moral universe is that guy worth the same as 80,000 nurses?” McQuaig asked to cheers from the crowd.

via ‘Another world is possible’: Peoples’ Social Forum demands change | rabble.ca.

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