Freshly Exhumed writes: Growing income inequality was one of the top four issues at the 2015 World Economic Forum meeting in Davos, Switzerland, ranking alongside European adoption of quantitative easing and geopolitical concerns. Felix Salmon, senior editor at Fusion, said there was a consensus that global inequality is getting worse, fueling overriding pessimism at the gathering. The result, he said, could be that the next big revolution will be in regulation rather than innovation. With growing inequality and the civil unrest from Ferguson and the Occupy protests fresh in peoples mind, the worlds super rich are already preparing for the consequences. At a packed session, former hedge fund director Robert Johnson revealed that worried hedge fund managers were already planning their escapes. I know hedge fund managers all over the world who are buying airstrips and farms in places like New Zealand because they think they need a getaway, he said. Looking at studies like NASAs HANDY and by KPMG, the UK Government Office of Science, and others, Dr Nafeez Ahmed, executive director of the Institute for Policy Research & Development, warns that the convergence of food, water and energy crises could create a perfect storm within about fifteen years. Read more of this story at Slashdot. from Slashdot ift.tt/1CagIl3
Posted on: Tue, 27 Jan 2015 06:11:42 +0000
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