Chasm between world's rich and poor

The richest 2 percent of adults still owns more than half of the world's household wealth, perpetuating a yawning global gap between rich and poor, according to research published Tuesday.
The report from the Helsinki-based World Institute for Development Economics Research shows that in 2000 the richest 1 percent of adults -- most of whom live in Europe or the United States -- owned 40 percent of global assets. Full Story »

Posted by Kaizar Campwala
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Subjects: World, Business, Extra
Member Tags: income, economics, rich, poor
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Posted by: Posted by Kaizar Campwala - Dec 6, 2006 - 10:32 AM PST
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Kaizar Campwala
3.5
by Kaizar Campwala - Oct. 1, 2008
See Full Review » (1 answer)
Jake Johansen
2.4
by Jake Johansen - Oct. 1, 2008

This is a really important revelation, however unsurprising, but the reporter fails completely to get context as to WHY the disparity exists. There's no critique of the capitalism or colonialism, because the report it's based on (I read it) lacks this information. It would have been good to find some sources who can add context and explain how exactly the disparity came to pass.

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Craig Schroeder
3.0
by Craig Schroeder - Oct. 1, 2008

This is better journalism than a lot of what we see today, but still pretty dim compared with what could be done. The story makes no mention of what has taken place to make the rich richer and the poor poorer, least of all what the rich have done to get a stranglehold on the world's resources like reliable information, food, utility services, water, etc. No mention of the anti-democratic behavior of corporations, their drive to provide the bleakest returns possible for blue-collar and white-collar labor, etc., etc., etc. On the other hand, it's better than most of the coverage of economic issues we see these days, which is just abysmally biased toward rich capitalists.

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Ramon DAvila-Ortiz
2.4
by Ramon DAvila-Ortiz - Oct. 1, 2008

The economic data is already known by everybody.What is missing are the factors that contribute to this gap between rich and poor.A more profound analysis is required,done with a sincere and honest commitment to end the world poverty prroblem.

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