Syndicate content

Inquality

Anatomy of a Killer Fact: The World’s 85 Richest People Own as much as the Poorest 3.5 Billion

Duncan Green's picture

Ricardo Fuentes (@rivefuentes) reflects on a killer fact (85 individuals own as much wealth as half the world’s population) that made a big splash last week, and I add a few thoughts at the end.

Last week we released a report on the relationship between the growing concentration of income and biases in political decision making. “Working for the  Few” got a lot of attention, generating the biggest-ever traffic day on the Oxfam International website the day of the launch.

 A large part of the attention was generated by one fact: the 85 richest people own as much as the bottom half of the world.