“Taken together, the bottom half of the global population own less than 1% of total wealth. In sharp contrast, the richest decile hold 87% of the world’s wealth, and the top percentile alone account for 48.2% of global assets,” said the annual report, now in its fifth year.

    The report, which calculates that total global wealth has grown to a new record – $263tn, more than twice the $117tn calculated for 2000 – found that the UK was the only country in the G7 to have recorded rising inequality in the 21st century.



mk:

It's interesting in that this has been happening in democratic nations as well as totalitarian ones. It seems that the architecture that controls the flow of global wealth is somewhat independent of regional politics. Of course it can be argued that standards of living around the world are increasing overall, but is the capital that fuels this disparity captured? Could the increase in standard of living be significantly greater, and increase much faster?


posted by organicAnt: 1495 days ago