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  • People are talking a lot about inequality these days... about the fact that

  • the richest 1% have so much more than everybody else. But most of the focus seems to be

  • on the United States and it strikes me that the same story needs to be told about

  • global inequality, too. So I did some research,

  • and this is what I found from reliable sources like the UN. It turns out, that while the US is

  • totally out of whack, things are actually way worse for the planet as a whole.

  • Let's start with this graph a perfectly even distribution of wealth among all living

  • people, with everyone divided into five equal groups.

  • Now, let's show how much each group actually has

  • Shocking, right? 80% percent of the world's

  • people barely have any wealth, it's hard to even see them on the chart. Meanwhile,

  • the richest 2%, they have more wealth than half of the rest of the world.

  • Let's look at this chart another way. Let's take the whole world's population

  • all 7 billion of us and reduce it to just a representative 100 individuals. Here

  • they are, poorest people on the left, richest people on the right.

  • Now let's show how the world's total wealth roughly 223 trillion dollars

  • is distributed. The vast majority have practically nothing

  • Nothing with which to educate their

  • children, nothing with which to pay for basic medicines. While the richest 1%...

  • they've accumulated 43% of our world's wealth. The bottom 80%, meanwhile - that's

  • 8 out of every 10 people - have just 6% between them.

  • But even this

  • doesn't show how extreme things have become. The richest 300 people on Earth

  • have the same wealth as the poorest 3 billion

  • So the number of people it takes to fill a mid-size commercial aircraft have more

  • wealth than the populations of India, China, the US, and Brazil combined

  • We can also see this inequality geographically, with a huge and growing gap between a few

  • rich places versus the majority of the world.

  • For most of history, things were much more equal. 200 years ago, rich countries were only

  • 3 times richer than poor countries. By the end of colonialism in the 1960s, they were

  • 35 times richer. Today, they're about 80 times richer.

  • Rich countries try to compensate for this by giving aid to poor countries - about

  • 130 billion dollars each year. That's a lot of money.

  • So then why does the wealth gap keep getting bigger?

  • One reason I found is that large corporations are taking more than 900 billion dollars

  • out of poor countries each year through a

  • form of tax avoidance called trade mispricing.

  • On top of this, each year poor countries are paying about 600 billion dollars in debt service

  • to rich countries, on loans that have already been paid off many times over.

  • And then there's the money that poor countries lose from trade rules imposed by rich countries

  • to get access to more resources and cheaper labor. Economists from the University of Massachusetts

  • calculate that this costs poor countries about 500 billion dollars a year.

  • All together, that's more than 2 trillion dollars that flows from some of the poorest

  • parts of the world to the richest, every year. Rich governments like to say they're helping

  • poor countries develop, but who's developing who here?

  • This makes me think that there's something wrong with the basic rules of the global economy.

  • It can't be right that the wealth of our planet is becoming so concentrated in the

  • hands of such a tiny number of people. The only reasonable response, it seems to me,

  • and our only hope, is to change the rules.

People are talking a lot about inequality these days... about the fact that

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全球財富不平等--你從不知道的事你從不知道的事 (Global Wealth Inequality - What you never knew you never knew)

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    徐聆 發佈於 2021 年 01 月 14 日
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