Belfast Telegraph

Wednesday 23 July 2014

Unfair carve-up for global wealth

AS we move away from the season of goodwill, the question that has to be asked is: have things really got better for the people of the world?

According to the Global Wealth Report 2013, a mere 0.7% of the world's adult population controlled 41% of the world's total wealth and the top 10% owned 86% of all global wealth.

In contrast, 50% of the world's adult population only owned 1% of the world's wealth.

Has capitalism (and its big brother globalisation) done anything for around 90% of the world's population? In my humble opinion, very little.

DAVID HILL

Chief executive, World Innovation

Foundation

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