WEBVTT 00:00.000 --> 00:24.420 Do we want to live in a world where the richest 1% owns 50% of the wealth? 00:24.420 --> 00:32.380 Today, 1.5 million people are without access to electricity. 00:32.380 --> 00:37.620 In 6 of the 10 poorest countries in the world, the main causes of death are the diseases 00:37.620 --> 00:42.540 that can easily be prevented by adequate treatments such as malaria, cholera, lower 00:42.540 --> 00:47.820 respiratory tract, and prenatal infections. 00:47.820 --> 00:53.440 500,000 children go blind each year from a deficiency of vitamin A. 00:53.440 --> 01:00.780 As of 2015, 1 out of every 7 people survived on $1.25. 01:00.780 --> 01:06.440 This poverty is indeed one of the most important problems in the world. 01:06.440 --> 01:13.680 Actually, the reason underlying the problem of poverty is not the limited resources in 01:13.680 --> 01:20.440 the world, but the uneven distribution of wealth among people. 01:20.440 --> 01:27.520 The most extensive report on the income inequality in the world was published in 2014 by Oxfam, 01:27.520 --> 01:33.280 an organization which seeks to eliminate inequality. 01:33.280 --> 01:39.440 The Oxfam report indicates that the wealth in the world amounts to $250 trillion. 01:39.440 --> 01:44.780 It was the richest 1% of the world population that has accumulated the half of this amount, 01:44.780 --> 01:46.780 namely $125 trillion. 01:46.780 --> 01:52.120 The other half was distributed among the other 99%. 01:52.120 --> 01:58.300 Another striking finding was that the top 62 richest people in the world owned as much wealth 01:58.300 --> 02:03.380 as the poorest 3.5 billion combined in 2015. 02:03.380 --> 02:09.940 The rise of capitalism in the last 25 years caused the emergence of mega-rich people. 02:09.940 --> 02:17.640 The philosophy that the winner takes all and the economic policies adopted enriched the rich further. 02:17.640 --> 02:24.720 The main reason behind such increase in the world inequality is the determination of economic policies by mega-rich people. 02:24.720 --> 02:32.720 Only those inside the system, or those who benefit from the system, could really understand the structure of the financial markets due to their complex nature. 02:32.720 --> 02:39.720 An average citizen with no control over the system is the one who always loses in such an economy. 02:39.720 --> 02:49.300 A system, which looks after the interests of the rich, has been built by globalized economies. 02:49.300 --> 02:54.240 The countries under a harsh competitive environment are obligated to reduce the taxes, 02:54.240 --> 03:00.620 which brings about a reduction in the transfer of funds to social and environmental projects. 03:00.620 --> 03:04.920 Labor rights are being overlooked due to the extreme competitive pressure. 03:04.920 --> 03:14.460 More income groups are forced to settle with less education, health, and security services, causing the next generations to grow poorer. 03:14.460 --> 03:20.240 The people oppressed under the brutal face of capitalism look for the remedy on the streets. 03:20.240 --> 03:24.440 The figures given are more than just statistics. 03:24.440 --> 03:29.680 In truth, those statistics represent an African child starving to death, 03:29.680 --> 03:33.840 a Vietnamese woman struggling with diseases due to malnourishment, 03:33.840 --> 03:37.680 or a worker in China having to survive on a handful of rights. 03:37.680 --> 03:41.320 This world serves as a common home for seven billion people. 03:41.320 --> 03:42.820 Nobody has the right to say, 03:42.820 --> 03:47.180 as long as I am able to live my life as I wish, the rest is no concern of mine. 03:47.180 --> 03:53.040 It is the people who prefer their everyday interests to the good of humanity that cast a shadow over the world. 03:53.040 --> 03:57.160 The conscious people in the world are required to ally with each other, 03:57.160 --> 03:59.740 in order to extinguish this flame of egoism.