Worldwide the top 1% control over half all wealth

Worldwide the top 1% control over half all wealth

Internationally the discussion about wealth and inequality continues unabated.

Even mainstream institutions are joining the debate to “warn” their masters that unrestricted growth in inequality could prove dangerous - economically and politically. These include the OECD, the United Nations, the International Monetary Fund and the World Economic Forum. This is rather ironic today given that the policies that have accelerated the rise in income inequality and wealth redistribution upwards include all these same institutions.

An insurgent revolt in US politics on both the left and the right has inequality at its core. The maverick candidacy of Bernie Sanders for the Democratic Party presidential nomination in the US has even put a discussion of socialism on the agenda.

The extent of the wealth inequality globally is much worse than previously estimated according to recent reports.

 

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