What Happens When 85 People Are Worth the Same Amount as 3.5 Billion?
Source: The Nation
A new Oxfam report warns of the dangers of global inequality.
Here’s a riddle: What do the eighty-five wealthiest people in the world have in common with the 3.5 billion poorest? Answer: the richest sliver possesses the same share of the world’s wealth as its poorest half. Another startling fact? One percent of the world’s families now possess 46 percent of the world’s wealth. And another? Seven out of ten people live in countries where economic inequality has grown in the last three decades.