This is about all you need to know about the global economy and the structure of capitalism:
Bonuses paid out to Goldman Sachs executives in 2009: 20 Billion Dollars
Total Gross Domestic Product (GDP) of Haiti: 7 Billion Dollars
That’s $20 billion for a thousand Wall Street investors and $7 billion for 10 million Haitians. The average Haitian makes 700 dollars, the average Goldman Sachs executive makes 20 million dollars in bonuses alone, not including salary. Profound differences like these are the rule rather than the exception in global capitalism, demanding the continuous upward distribution of resources away from developing countries. The perpetuation of gross economic and political inequalities is crucial to the excess created for the financial elite in the West.
See Also: The best way nobody’s talking about to help Haitians, Haiti rescue effort winds down, tens of thousands left homeless, Faces Of Haiti, Haiti awash in doctors; nurses in short supply, Have we got contact?, The Decade to Come, The Earthquake in Haiti: Another Way to Help, 13 Bankers, “A Modest Proposal” to Reform How Bank Executives are Paid, Wall Street Compensation 2006-09, The Games of the Financiers, Fixing U.S. Democracy to Give Economy a Chance, Resetting the Moral Compass, and “Laissez-Welfare and the Goldman Gang”.
[tags]haiti, goldman sachs, global inequality, global capitalism, goldman sachs bonuses, economy of haiti, total gdp of haiti, economic inequality, bonuses, goldman sachs executives, financial elite, wall street, systemic inequality, poverty, development, haitian economy, gross domestic product of haiti, aid, foreign aid,[/tags]