OECD predicts global capitalism will collapse in 50 years

bull

Symbol of capitalism

The Organization for Economic Cooperation and Development, a pro-establishment, pro-market thinking organization has released a report predicting a collapse in global economic growth rates, a rise in feudal wealth disparity, collapsing tax revenue and huge, migrating bands of migrant laborers roaming from country to country, seeking crumbs of work. They prescribe “flexible” workforces, austerity, and mass privatization.

 

 

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Countries ranked by quality of life

Young family walking on beach

What is your recipe for a better life?

Money is important, but it isn’t everything. The Organization for Economic Cooperation and Development created the Your Better Life Index to compare the quality of life as well as economic prowess of its 34 member countries. The index measures each country using 11 different lines, including income, employment, health, education, environmental quality, and its citizens’ opinions about life satisfaction, work-life balance, and a sense of community. Because people have different priorities, the OECD index allows them to rank countries according to their own values. The United States remains at the top for income and wealth, but it lags behind as a place to live a long and happy life. National Journal

 

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The high price of tuition-free college in Sweden

 Swedish college students still graduate with a ton of debt.

Colleges and universities in Sweden are free. But students there still end up with a lot of debt. The average at the beginning of 2013 was roughly 124,000 Swedish krona ($19,000). Sure, the average US student was carrying about 30% more, at $24,800.

 

 

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OECD warns quality of patents ‘falling dramatically’

patents

Companies are filing overly broad patents on obvious ideas in the hope that one day the technology will become feasible.

The Organisation for Economic Cooperation and Development reports that “the quality of patent filings has fallen dramatically over the past two decades. The rush to protect even minor improvements in products or services is overburdening patent offices. This slows the time to market for true innovations and reduces the potential for breakthrough inventions.”

 

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People In The US, Canada And Spain Have The Highest Cell Phone Bills

attbill

It’s not the kind of thing you’ll probably want to brag about winning, of course, but, according to new research conducted by the OECD, people in the US, Canada and Spain come out on the top of the heap when it comes to high cellphone bills. The research was conducted by categorizing bills into three usage categories, with the mid-range being 780 minutes per year of voice calls, and 600 SMS per year. For that amount, people in the US of A pay about $635 (the highest rate), while runners-up Spain pay just over $500. The countries with the lowest phone bills include the Netherlands and Sweden, where that same usage runs about $130. Yes, that’s a huge discrepancy, alright, meaning that in the Netherlands you’d pay around $11 a month with that level of usage, while in the US the same amount will run around $53 a month. Then again, they don’t get to watch “The Real Housewives of New Jersey” in the Netherlands, do they?

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