According to a report by Oxfam the richest 1 % of the world's population will own 50% of the world's wealth by 2016. This figure is probably not totally accurate but I am willing to bet that it is close to the mark.
A good proportion of the world's population live in a democracy. I wonder if anyone read in the manifesto of a political party that it was policy to allow such a small proportion of people to possess so much of the world's wealth. Would anyone have voted for such a policy?
I wonder if the economists, businessmen and politicians at the 2015 Davos conference believe that it is economically sustainable for so few people to possess so much of the world's wealth and income.
Perhaps there will come a time when almost no-one can afford to buy the goods and services being produced by the global economy. If that happens we would all be in trouble both rich and poor.
http://www.bbc.co.uk/news/business-30875633
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