The world's eight richest individuals have as much wealth as the 3.6 billion people who make up the poorest half of the world, according to the latest Oxfam report.
Over the last 12 months there has been a significant increase in international interest in sovereign money (the idea of transferring the power to create money from banks to the state, working in the public interest). For example:
The European Central Bank should retool its asset-purchase programme to fund a wave of new infrastructure spending across the continent, according to one of the world’s most powerful bond managers, reads Financial Times, 7th Dec 2016.
What’s wrong with our financial system? Chief Economics Commentator of Financial Times explains. (Video)
In just 4 minutes Martin Wolf, Chief Economics Commentator of the Financial Times, clearly states point by point what is the problem with our current financial system and how we can fix it:
Global debt has more than doubled in the last 15 years; and according to the International Monetary Fund (IMF), it’s the highest it’s ever been.