They mindlessly consume wealth — and destroy the planet.
We live in a profoundly unequal world by design. Wealth accumulates in the hands of the already-wealthy as a byproduct of extractive economic principles. Everyone in the world who is working to tackle the ecological crisis, bring an end to mass poverty, or reduce the suffering of those around them needs to realize this essential fact.
Recognize this simple truth and the entire game changes.
Right now, at least 24 TRILLION dollars is squirreled away in tax havens around the world. This is money that has been hidden from view in a clandestine network of shell companies, computer accounting systems, law firms, and legal structures that comprise a global architecture for wealth hoarding. It is systemic corruption that was put in place on purpose.
Think of it like when famine hits a small village and starvation is on the rise, yet the richest in the community close off their grain towers to keep a ten year supply of food to themselves so they can remain in power after the famine comes to an end. We are living through a period of history where the investments we make today will shape whether it is even possible to have a civilization tomorrow. Yet the wealthiest 0.1% are behaving like spoiled children — trying to grab another billion dollars from the coffers while billions of other people are malnourished and starving.
Imagine instead if we took the global crisis seriously and recognized the financial parasites for what they are. The wealth hoarders are symptomatic of an economic paradigm that behaves like cancer, spreading and growing exponentially because that is what its core logic dictates it to do.
We must replace the logic of extraction with principles that are compatible with life. It will not be possible to make our cities sustainable (or even affordable to live in) if our economic paradigm fails to take into account the logic of homeostasis and its support capacities based in the patterns of emergence.
Let me explain with an example.
The human body continues to exist moment by moment because a vast web of interconnected systems — for circulation of nutrients, digestion, feeling pain, monitoring changes, and so forth — are keeping it in a “safe zone” for several key biological parameters. Get too hot? Open up the follicles on your skin and start sweating. Too acidic? Release hormones for appetite to seek food that will restore balance. Too much pressure on the brain? Feel the discomfort and alter your behavior accordingly — maybe by sitting down and taking a few breaths.
Our bodies, like all living things, are able to regulate themselves as nested systems of emergent order. They do this in a combination of centralized and distributed systems of control that function in parallel at multiple levels. Forget the mythical battle between large centralized economies and “free” markets. Real economic systems work through multi-tiered feedbacks in government and management across households, municipalities, professional associations, regional and national agencies, trade consortiums, and more.
No single level dominates, yet all work in harmony through the coordination of multi-level patterns for selecting desired outcomes. The field of evolutionary studies explains how all of this works. Biologist David Sloan Wilson describes it bluntly when he says the economy is an organism.
My reason for pointing this out is that our financial system has “gone rogue” and made the central goal for civilization to maximize profits for the few at the expense of the many. This is what cancer does and its end state is well known. We will not have a living civilization much longer if this pattern of growth without constraint continues.
Let us seek instead to behave like the living systems we are in our communities. In order to do this, we need to release the financial nutrients that have been squirreled away from the body of the economy as a whole. Currently, with wealth hoarding the way it is, the economy is functioning like your body would if half of your blood supply got syphoned off to the big toe on your left foot. Very quickly, you would lose consciousness and go into cardiac arrest.
This is the antithesis of sustainability.
And it is the direction we are heading now — and we’ll only change course by updating the rules-of-play for our global economy. End the wealth hoarding and invest in the future of our species instead. Do this and we have a chance at making the transition to sustainability. Fail to do this, and we over-exploit the natural foundations of our livelihoods and go into rapid decline. Then our civilization collapses.
The choice is now before us.
Five Ways to Take action:
1. Support wealth tax legislation at every level
The most direct response to wealth hoarding is taxing it. Back the full suite of proposals currently on the table: economist Gabriel Zucman's G20 proposal for a 2% minimum annual wealth tax on the world's 3,000 billionaires (which could generate $250 billion per year), Senator Bernie Sanders' and Senator Elizabeth Warren's federal wealth tax bills in the US, coordinated state-level "Tax the Rich" campaigns now active across multiple US states, and an "AI commons tax" on corporations profiting from publicly-built knowledge infrastructure. Find and contact your representatives to demand support for these measures.
2. Close the offshore tax haven pipeline
At least $24 trillion sits hidden in shell companies and tax havens — wealth siphoned from the body of the global economy. Support organizations pushing for international financial transparency, including the Tax Justice Network and Global Financial Integrity, which campaign for automatic exchange of financial information between countries, public registries of beneficial ownership, and country-by-country corporate tax reporting. These aren't radical demands — they're basic accountability.
3. Move your money
Pull deposits from the big banks that finance wealth extraction and move them to credit unions, community development financial institutions, or public banks where they exist. Every dollar in a community-controlled financial institution is a dollar not compounding the hoarding problem. Research your city or state's public bank campaign and add your voice to it.
4. Build and support the commons
The deepest fix to wealth hoarding isn't just redistribution — it's prevention. Get involved with cooperative enterprises, community land trusts, open-source projects, and other commons-based institutions that structurally prevent wealth from being extracted and hoarded in the first place. The commons doesn't have a growth imperative. Support organizations like the Democracy Collaborative, which maps and builds the next economy at the local level.
5. Shift the narrative — and share it
Brewer's framing matters: wealth hoarding isn't success, it's a pathology — the economic equivalent of cancer, consuming the body it depends on. Share this article and others like it to help normalize that frame. The "wealth creators" story has dominated public imagination for decades. Replacing it with the "wealth hoarders" story — grounded in evidence about what extreme inequality actually does to societies — is cultural work that every one of us can do in our conversations, our communities, and online.
— Films For Action
Joe Brewer is co-founder of the Design School for Regenerating Earth and is author of The Design Pathway for Regenerating Earth. He is helping weave a planetary network of bioregions to make it possible to regenerate the Earth.
SUPPORT INDY MEDIA
Appreciate our work to amplify independent voices? Join us as a $5/month patron.
Subscribe here.