Was there ever a time when so few people controlled so much wealth? | Eoin Flaherty
by Eoin Flaherty from on (#127KG)
Two things are clear: radical new ways of getting rich have been invented, and things have probably never been this unequal since before the second world war
Oxfam's latest report claims that income inequality has reached a new global extreme, exceeding even its predictions from the previous year. The figures behind this claim are striking - just 62 individuals now hold the same wealth as the bottom half of humanity, compared with 80 in 2014 and 388 in 2010. It appears that not only have the global elite weathered the financial crisis, but their fortunes have collectively improved.
Related: We've been conned by the rich predators of Davos | Aditya Chakrabortty
Related: Inequality isn't inevitable, it's engineered. That's how the 1% have taken over | Suzanne Moore
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