Editorial by Johan Galtung* – TRANSCEND
I will work in the tradition of the NGO I represent, TRANSCEND: diagnosis, prognosis, and therapy.
The basic diagnosis is the pathological inequality growth in societies, and in the world. In the Mother of Crises, Occupy Wall Street is now a local Arab Spring, as protest, not yet proposals.
“The bottom 90 percent”–an interesting US category–has annual average family income around $31,000 whereas the top permille has to be measured in millions, and many of them.
Consequently, there is not enough buying power available to get the wheels of the real economy running, but more than enough liquidity at the top to get the finance economy overheated.