December 2, 2011
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"The global wealth pyramid has a very wide base and a sharp point," The Economist reported in January 2011. "The richest one per cent of adults control 43 per cent of the world’s assets; the wealthiest ten per cent have 83 per cent. The bottom 50 per cent have only two per cent."

This massive amount of money is often spent on private jets, multiple estates and market speculation. If the gap between the haves, have-nots and have-yachts is reduced drastically, critics say, the world has enough wealth and natural resources to provide a decent standard of living to a large population….

Simply redistributing wealth would greatly improve the current situation but it is not politically feasible.

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Jazeera

  1. americanwanderlust posted this