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Only 1% of World's Population Grabbed 82% of all 2017 Wealth

posted by martyb on Saturday January 27 2018, @12:43PM   Printer-friendly
from the I-got-mine!-And-Yours.-And-Yours.-Annnnnd-yours,-too. dept.

canopic jug writes:

The 1% grabbed 82% of all wealth created in 2017

More than $8 of every $10 of wealth created last year went to the richest 1%.

That's according to a new report from Oxfam International, which estimates that the bottom 50% of the world's population saw no increase in wealth.

Oxfam says the trend shows that the global economy is skewed in favor of the rich, rewarding wealth instead of work.

"The billionaire boom is not a sign of a thriving economy but a symptom of a failing economic system," said Winnie Byanyima, executive director of Oxfam International.

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  • (Score: 1) by fustakrakich on Saturday January 27 2018, @05:20PM (2 children)

    by fustakrakich (6150) on Saturday January 27 2018, @05:20PM (#628973) Journal

    PATH="lacking the things I agreed put us off of the path"

    :-) Cool

    We've been a whole hell of a lot closer than we currently are though.

    Ok. Give me a time. please... The suspense is killing me

    --
    La politica e i criminali sono la stessa cosa..

  • (Score: 2) by The Mighty Buzzard on Saturday January 27 2018, @06:40PM (1 child)

    by The Mighty Buzzard (18) Subscriber Badge <themightybuzzard@proton.me> on Saturday January 27 2018, @06:40PM (#629027) Homepage Journal

    Depends on which bit you're talking about.

    For lack of corruption and anti-trust issues? You only have to look back as far as the 20th century.

    For fewer/weaker government granted monopolies you have to go back farther. Patents and copyright alone went insane in the 20th.

    It goes in ebbs and swells but achieving something better than we have now is not a herculean task.

    --
    My rights don't end where your fear begins.

    • (Score: 1) by fustakrakich on Saturday January 27 2018, @10:32PM

      by fustakrakich (6150) on Saturday January 27 2018, @10:32PM (#629185) Journal

      Ok, so now you again bumped into my old contention, better for whom? Sure it's easy to say some people were better off in the *old days*. But your implication is that the whole country was better off. What time period would you want to live?

      --
      La politica e i criminali sono la stessa cosa..