Saturday, November 10, 2012

The rich is getting richer, poor getting poorer

Courtesy Jamaica Observer
Capitalism is an economic system based on private property and private enterprise and its great virtue is that driven by private gain for individuals and profits for businesses, it encourages enterprise and innovation.
Capitalism however, has weaknesses which the state is expected to address or redress, by providing the conditions for enterprise e.g. law and order, national defence, infrastructure, education and regulations of the market to level the playing field.
The most important role of the state is to redress the fundamental dilemma of capitalism which is the tendency towards inequality among different groups in society. If the state does not assist the poor and working class with social services, then material deprivation and social animosity can cause violence and behaviour which is detrimental to capitalism itself.
This was the rationale for the welfare state, democratic socialism and the mixed economy. The rich accept that their good fortune makes it possible to help the poor through taxation by government. The question is how much should be reallocated from the rich to the poor to prevent the society from falling into chaos. The answer depends on philosophies of governance and social justice. At one extreme is the social pathologies which blame the victim e.g. ‘the poor are poor because they do not want to work or have too many children’, and at the other extreme is steep, possibly demotivating taxation in which the rich pay a larger percentage of their income as tax.
There is growing inequality of income and wealth across the world, in societies as widely differing as China, Sweden and the United States of America. The share of national income going to the richest 1% of Americans has doubled to 20% in the last 20 years. The trend is evident in poor countries e.g. India has 48 billionaires and the richest man in the world is Mexican. The richest 1% of adults owned nearly 50% of the world’s assets while half of the world adult population owns barely 1% of global wealth. Nearly half the world’s population, 3 billion people survive on less than US$2 a day.
The richest country is Qatar with a per capita GDP of $104,284 and the poorest country is Democratic Republic of Congo, with less than $365. The gap between the richest and the poorest countries has grown significantly in the last 25 years.
The rich are getting richer and the poor are getting poor across the world. While there will always be poor people the world is getting richer and therefore has the means to alleviate and significantly reduce global poverty. Charity is noble and for the unemployable but the problem must be addressed by reducing unemployment and underemployment. Some of the resources to be used to reduce poverty must come from the rich and those who are becoming richer.
Governments can do this without depriving capitalism of the driving force of private initiative and private gain. The problem is that there has to be a societal consensus that everyone must get better off. This community spirit needs to be revived and those who raise the issues of inequality and poverty must not be viewed as undermining capitalism. At the same time, the Government must do all to make Jamaica a more business friendly country, without which we’ll all be poorer.
And, we can’t afford, as we are seeing in the US presidential election, to speak only of the ‘middle class’.
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Friday, November 9, 2012

Introducing Philly yardy Vibes Caribbean -Jamaica Multimedia website

Phillyyardyvibes dot com Website  of Jamaica the Caribbean and the Caribbean diaspora,multimedia media source that is bringing the Caribbean to the world. Phillyyardyvibes is based in Philadelphia and Jamaica.
As you should tell by its name Philly(alias for philadelphia),Yardy alias by some for the Island (Jamaica)
especially by many  Jamaican who lived abroad.Some people also refer to it as Yardie.
And of course vibes are what we are about. We have latest news, sports including track and field arguable
Jamaica national sports in print and of course videos.We bring to you information from the Caribbean about  travel and tourism,editorial, celebrities and reggae dancehall news.All genre of reggae videos along with miscellaneous are available on our website.Photos and videos of live dancehall parties,concerts,stage shows and other live events are avalable as well. The website is interactive so up
enter our website and read a post,view a video or photos or a listen to tune you can leave a comment to lets us know what you think.
Thanks for your time.
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Thursday, November 8, 2012

Dancehall deejay ELEPHANT MAN, real name O’Neil Bryan, will return to court in February after his ongoing rape case was postponed
Urban Islandz reports that the Jamaican singer appeared in the Corporate Area Resident Magistrate’s court on 30 October to answer the charges.
However, the case was delayed due to the shortcoming of a long-overdue forensic report and other outstanding documents.
Earlier this year Bryan was charged with sexual assault, which allegedly took place at his apartment on Hillcrest Avenue in Kingston.
His JMD$400,000 (£2,706) bail was also extended until the court date on 11 February 2013.
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Wednesday, November 7, 2012

looking back on the Braeton massacre from 2001 and the relation with Reneto Adams


Seven innocent young people killed in cold blood
The Braeton Massacre
7 innocent young people killed in cold blood The Braeton Massacre in 2001 kingston by police headed by Reno Adams
On 14 March 2001, the police leaded by Superintendent Reneto Adams, head of Crime Management Unit killed seven young men at a house in Braeton, Kingston.
The police claimed the men fired upon them after some 60 officers arrived at the house and requested them to give themselves up. According to the police, all seven were killed when the gun fire was returned.
However, residents in the area claim they heard the men pleading for officers to spare their lives before the police took the men back inside the house one at a time and apparently executed them.
A pathologist, sent by Amnesty International, observed the autopsies and noted that six of the seven youths had been shot in the head, with at least one shot fired at close range, and concluded that it was “highly unlikely” that the shooting occurred in the manner suggested by the police and that the pattern of gunshot wounds was “more consistent” with the theory that the men were shot

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Tuesday, November 6, 2012

Obama Elected 2012: President Clinches Electoral Vote Win

President Barack Obama was projected the winner of the presidential race over Mitt Romney on Tuesday night.
The president scored critical wins in Ohio, Pennsylvania and Wisconsin. While Obama was favored in the swing states going into Election Day, the popular vote between the pair of contenders had remained close for much of the race.
We'll be following all of the action on Obama's victory, as well as the latest news to unfold as it relates to congressional and gubernatorial contests.

President Obama will win re-election

President Obama will win re-election, All major network news  projects. The call comes after the president was the projected winner in the crucial battleground of Ohio, and subsequently won both Iowa and Oregon. This put Obama over the required 270 electoral votes.