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.
(Score: 2) by The Mighty Buzzard on Saturday January 27 2018, @05:23PM (1 child)
We've actually had quite a lot of protections against that happening from the very beginning and some not small amount of blood shed to keep it from happening other times but you are largely correct.
A collective? Me? I'm not even interested in a collective of two or I would have married by now.
My rights don't end where your fear begins.
(Score: 1) by fustakrakich on Saturday January 27 2018, @11:11PM
A collective? Me? I'm not even interested in a collective of two or I would have married by now.
So, you live all alone in a cabin up in the mountains, sending *letters to the editor*, or a van down by the river, washing your clothes on a rock, and spearing whatever swims by?
La politica e i criminali sono la stessa cosa..