SchwartzReport: Concentration of Wealth at Violent Revolution Tipping Point – 85 Individuals versus 50% of Total Population

Commerce, Corruption, Government
Stephan A. Schwartz
Stephan A. Schwartz

What particularly stood out for me in this report was that the last time I looked at this it was 300 individuals had as much wealth as 42 per cent of the rest of the world population. Now it is 85 and 50 per cent. As history has shown repeatedly when inequality gets to a certain point social violence and disruption occurs. How close do you think we are?

Oxfam: 85 Richest People as Wealthy as Poorest Half of the World
GRAEME WEARDEN – The Guardian (U.K.)

SOURCE: Working for the Few – Oxfam report Source: F. Alvaredo, A. B. Atkinson, T. Piketty and E. Saez, (2013) ‘The World Top Incomes Database’,  Only includes countries with data in 1980 and later than 2008.

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