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Bailouts Dwarf Spending on Climate and Poverty Crises

The financial crisis is only one of multiple crises that will affect every country, rich and poor alike.

There's also the global poverty crisis. Tens of millions of people across the developing world are expected to fall into extreme poverty and joblessness as a result of an economic mess originating in the United States. This is bad news for workers everywhere, as it means even more brutal competition in the globalized labor pool.

And then there's the climate crisis. If we don't do something about that one, we could find out what a real meltdown feels like.

Posted in bailout, climate change, financial crisis, poverty