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.
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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,...
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