Rethinking recovery: poverty chains & global capitalism

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“Contemporary global capitalism is characterised by extreme wealth concentration and a rapidly expanding and largely impoverished global labour force. Mainstream institutions such as the World Bank and International Labour Organisation encourage integration into global value chains as a development strategy that, they claim, will reduce poverty. In reality, employment within these chains generates new forms of worker poverty and contributes to global wealth concentration. That is why they should be labelled global poverty chains.”
rest @ https://www.opendemocracy.net/beyondslavery/benjamin-selwyn/rethinking-recovery-poverty-chains-and-global-capitalism see also: http://majority.fm/2016/07/07/77-kathryn-edin-living-on-almost-nothing-in-america/

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