Wednesday, January 21, 2015

Capitalism and the global plutocracy

21 January 2015
The international charity Oxfam has issued a new report on social inequality showing that the gap between the super-rich and the majority of society is not only not shrinking—it is growing at an ever-faster pace.

In 2013, according to updated figures, the 92 richest multi-billionaires had as much wealth as the bottom 50 percent of society. In 2014, this figure dropped to 80 billionaires. In other words, a group of people who can fit into a double-decker bus control more wealth than 3.5 billion people, equivalent to the combined populations of China, India, the United States and the European Union.


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