Just 8 richest men own the same wealth as 50% of the world’s poor
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The incredible Oxfam International published a report in January and the media was abuzz with the new finding. In 2016, the wealth of only the 8 richest men was equivalent to that of about 3.8 billion poorest people. That is half the world’s population.
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Our first reaction to this, at Kaleidoscope, – ‘that is incredible’, especially considering that the number that was 62 in 2015 and 388 in 2010 has come down to just 8. Either the rich are getting richer or the poor are getting poorer or both. Many call this as an extreme inequality, a crisis that needs to be tackled urgently. Some say this is an example of what human enterprise can aspire for and achieve. What do you think?
