statistical update...
... in the late 70s/early 80s there was statistic about the UK economy that was much bandied about on the left, it even gave it's name to the brilliant socialist - "7:84 theatre company" - the numbers referring to the fact that the wealthiest 7% of the British population owned 84% of the wealth.
The World Institute for Development Economics Research (part of the United Nations ) has just produced a report on wealth distribution which shows that just 1% of the adults in the world own 40% of the worlds wealth.
That's a lot of very rich people, but vastly more desperately poor ones....
1 comment:
How can that be justified? Does the wealth trickle down? Maybe it does, but it certainly takes along time. And if it does why does the gap between the wealthy and the poor become wider not narrower?
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