Jun 172013
Wealthiest one percent own half of the globe's assets.
from The Tyee
Eric Zuesse, writing for AlterNet.org and The Tyee, reviews a preliminary report of Branko Milanovic, lead research economist at the World Bank. Milanovic finds "global inequality is much greater than inequality within any individual country" because the inequality between countries adds to the inequality within any one of them. The gap in wealth is even larger than the gap in annual income, he says, with the wealthiest one percent forming an extremely exclusive global club of the "old rich."
And in addition:
Jason Hickel writes, narrates and directs this short video looking at the extreme truth of how wealth is divided globally, for Global Policy Journal.
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