85% of the World’s Wealth Now In The Hands Of 1% of the World’s Population [2018]

Peter Berko

“Eighty two percent of the wealth generated last year went to the richest one percent of the global population, while the 3.7 billion people who make up the poorest half of the world saw no increase in their wealth, according to a new Oxfam report released today. The report is being launched as political and business elites gather for the World Economic Forum in Davos, Switzerland.” [Source: OXFAM]

 

Three Ways Humans Create Poverty

“Mass poverty, at the level we see globally today (i.e., about 4.3 billion people live on less that $5 a day; the minimum amount necessary, according to UN body UNCTAD, for health and well-being) is created by people. In other words, it isn’t simply a natural occurrence, a common enemy that exists, as if by magic, outside and separate from all the good stuff. Just as humans have created enormous amounts of wealth, so we have created its corollary, widespread poverty. One cannot be separated from the other. Until this truth is embraced, we will be locked into a partial and deeply limited response.” [Source: Fast Company]