Global inequality is rising from "summary" of The Haves and the Have-Nots by Branko Milanovic
Global inequality is rising. This is the undeniable truth that we must confront in today's world. The gap between the haves and the have-nots is widening, creating a stark division between the wealthiest individuals and the most impoverished. This trend is not a mere coincidence or a temporary fluctuation – it is a systemic issue that is deeply rooted in the structures of our global economy. As we delve deeper into the data and analyze the distribution of income worldwide, we can see that the wealthiest individuals are accumulating wealth at an unprecedented rate. The top 1% of earners are amassing a disproportionate share of global income, while the bottom 50% are struggling to make ends meet. This unequal distribution of wealth is perpetuating a cycle of poverty and disenfranchisement for those at the bottom...
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