Income Inequality Increasing

Canada, America, Japan, Italy, there are many former superpowers of great economic progress that a stagnating with shrinking middle class as the minority of opulent rich citizens of the same countries expand their wealth geometrically increasing it when they already live privileged lives literally wanting for thing or able to buy anything at a glance. These former economy miracle nations are now coasting on fumes like the Sega Corporation of Japan or the Dutch tulip bulb industry today as another example. 

This problem was made worse by globalization and unfair global trade. In American before 1960 for example, household appliances like stoves and fridges made during this time still work today or were made very robust and easy to fix or repair with readily available spare parts. In some ways this continued into the 1980s America when many companies shut down manufacturing plants in American & moved their manufacturing to Mexico, India, Cambodia, Philippines, Vietnam, Chine, Taiwan, Hong Kong, or where labor was cheaper and the local governments streamlined setting up factories and manning them with people to work the production lines for pennies on the dollar wages compared to what Americans were being paid in terms of minimum wage or much higher salaries for more advanced jobs with more education and more experience.

What's more, in pre 1980 American the companies were run by engineers and scientists, but more recently all the same companies have executives that majored in business or finance, who effectively focus on increasing profits every quarter no matter what it hurts or kills or damages including its own employees or customers incredibly, but often still the case that nature or natural environment are used as a waste dump for chemical waste or similar emissions, the toxic substances released because it is cheaper to do it like that, dirty, eco toxic, as cleaning it up with polymer bead filtering operation and similar environmental control closed loop water systems would eat 1% of profit.

That 1% sacrifice in profits to clean up operations to less polluting or non polluting enough to drive the accounting major executive mad because they have a legal fiduciary responsibility to earn the most money possible for the share holders or people who own common stocks in the company or any kinds of stock shares. Oddly mostly the hyper wealthy billionaires tend to also own most of the shares of most of the companies worldwide, in part, how they amass so much wealth no matter if the economy going up or down, they also tend to either work with or own hedge funds.