World GNI - Up 700% since 1980. What is with this talk of "Austerity"?

[Go2Peace]

Our world is experiencing prosperity like never before. The propaganda of "austerity" is a bald faced lie. There are more resources and wealth than **ever** in history.

Note: This is in terms of PPP, which already accounts for inflation effects.

GNI in the US:

http://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&met_y=ny_gnp_mktp_pp_cd&tdim=true&dl=en&hl=en&q=world+gnp+chart#ctype=l&strail=false&nselm=h&met_y=ny_gnp_mktp_pp_cd&scale_y=lin&ind_y=false&rdim=country&idim=country:USA&ifdim=country&hl=en&dl=en


World GNI:

http://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&met_y=ny_gnp_mktp_pp_cd&tdim=true&dl=en&hl=en&q=world+gnp+chart#ctype=l&strail=false&nselm=h&met_y=ny_gnp_mktp_pp_cd&scale_y=lin&ind_y=false&rdim=country&ifdim=country&tdim=true&hl=en&dl=en

[jwhitesj]

1. I don't understand what your saying

Austerity is defecit reduction, and reduction of public services. I don't see how that is related to global wealth. Lowering taxes and getting rid of social security is an example of austerity.

[indurancevile]

2. you don't see how getting rid of public services has anything to do with global wealth?

what do you think wealth is for?

[jwhitesj]

4. It's a poorly worded OP

Why do you think no one has responded? No once can make sence of what the OP is trying to say.

[Go2Peace]

3. Because people are being convinced that "we cannot afford" social programs

My point is simple. We can afford them more than ever before. Our problems are related to priorities and compassion, not financial ability.

[Octafish]

5. And almost all that wealth went into the pockets of the top 5-percent...

...with most of that going into the pockets of the top-.1 of 1 percent.

Of all people, David Stockman noted that most of the wealth ever created was created since 1980 and it's a crime that it's almost ended up completely in the pockets of the ownership class.