Chasm between world's rich and poor

Associated Press | Dec. 6, 2006 (News Report)

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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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.