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hellcat [wordpress.com] writes:

Many of the world's problems — from declining public services to corruption — can be explained in two words: offshore wealth.

That's according to investigative journalist Oliver Bullough, who is working to unravel the intricate global web of money and power. To try and de-mystify the idea, Bullough came up with his own word: Moneyland. "I invented 'Moneyland' to try and get my own head around this problem, basically," he says.

Moneyland — also the name of Bullough's book on the issue — makes up roughly 10 per cent of the world's wealth, he says. "If you look at its economy, it is the third biggest economy in the world after America and China, it's absolutely massive." Bullough declares London to be the likely capital of Moneyland, followed closely by New York.

According to Oxfam, the top three-and-a-half dozen people in the world this year owns the same amount of stuff as the bottom 3.5 billion people in the world.

How far does the Gini curve [wikipedia.org] have to bend before something snaps?

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