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Analysis: Four Arguments Against The Extreme Concentration Of Wealth

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The first website that I visited for this project is the International Forum on Globalization. According to the website, “The International Forum on Globalization (IFG) is a North-South research and educational institution composed of leading activists, economists, scholars, and researchers providing analysis and critiques on the cultural, social, political, and environmental impacts of economic globalization” (Globalization). The organization also has a program specifically for the Asian-Pacific region.
The IFG was formed in 1994 because of global politics and economics was rapidly changing and there was no discussion of this within other prominent institutions at the time. The website states that the IFG’s work is “closely linked to social …show more content…

The subject of this article is wealth and the dangers of extreme wealth. According to Barbara, “Concentration of wealth is unjust and confers undue advantage to those with the most wealth, who then use this wealth primarily to usurp the democratic process and further enrich themselves at the expense of the majority, and the ecosystems that support all life” (Barbara). This is a global problem and although I have not learned much about other countries, this is prominent in the United States as well. People who have extreme wealth obtain it in legal ways, mostly by using their wealth to influence …show more content…

The first two myths seem to explain the beliefs about billionaire that are taken as fact and now examined further. The first myth is the fairness argument. This argument states that the people who have most of the wealth earned that wealth and therefore they deserve to keep the wealth. However, some people inherit their wealth that their family has been accumulating for several years. According to Barbara, “This unearned, inherited wealth grants enormous privileges and benefits that allow these inheritors to amass even larger fortunes and, if they so choose, to reshape society, the economy and even the political landscape” (Barbara). The myth that people deserve what they earn has been dispelled because most billionaires inherit at least some of their

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