In Barack Obama’s recent speech in South Africa, he offered a rare, honest diagnosis of our political and economic challenge:
“While globalisation and technology have opened up new opportunities, have driven remarkable economic growth in previously struggling parts of the world, globalisation has also upended the agricultural and manufacturing sectors in many countries. It’s also greatly reduced the demand for certain workers, has helped weaken unions and labour’s bargaining power. It’s made it easier for capital to avoid tax laws and the regulations of nation-states – can just move billions, trillions of dollars with a tap of a computer key. And the result of all these trends has been an explosion in economic inequality. It’s meant that a few dozen individuals control the same amount of wealth as the poorest half of humanity.”
This is a familiar refrain: DiEM25 shares the anger at the injustice of explosive inequalities.
Unlike Obama, however, DiEM25 is offering solutions: concrete policies to eliminate tax havens, strengthen the labour movement, and curb inequality.
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