Oxfam found that the top 1 percent of the world now owned nearly half the world's wealth- and are on track to own as much of the rest of the 99 percent combined by 2016.
In Joseph E. Stiglitz's book "The Great Divide," the issue of wealth inequality is prominently addressed. A significant finding by Oxfam reveals that a mere 1 percent of the global population holds nearly half of the world's wealth. This concentration of wealth raises concerns about social and economic fairness, highlighting the stark disparity between the rich and the rest of the world.
Furthermore, the report suggests that if current trends continue, this affluent 1 percent could amass as much wealth as the entire remaining population by 2016. This alarming projection emphasizes the urgency of addressing economic inequality and its implications for society as a whole, urging policymakers and citizens alike to consider measures that promote a more equitable distribution of resources.
