Last week I blogged about the growing gap between the rich and the poor. I also mentioned that wealth is only wealth if it is compared to poverty. If we are all millionaires, a million quid isn’t worth anything. This article brings home a terrifying statistic.
A new report from Oxfam on Monday. It warned that those richest 85 people across the globe share a combined wealth of £1tn, as much as the poorest 3.5 billion of the world’s population.
Astonishingly, 85 people have the combined wealth of half the planet’s poorest. How long can this stockpiling of wealth go on before the whole system collapses? When 85 people have 95% of the worlds money?