I just watched a flabbergastingly good four minute video, written, directed and narrated by LSE’s Jason Hickel and wanted to share my reaction immediately.
Global wealth inequality matters for all sorts of reasons- economic, social, environmental and political, so it worth taking the scale of this issue fully on board. The video is full of great graphs, striking statistics and vivid visuals. From reliable UN sources, statistics like the following are beautifully illustrated:
- The richest 2% have more wealth than half of the rest of the world.
- The world's total wealth is about 223 trillion US dollars
- The richest 1% have 43% of world's wealth.
- The bottom 80% have just 6% of world's wealth.
- The richest 300 people on earth have the same wealth as the poorest 3 billion (3,000,000,000).
the richest 300 people on earth have the same wealth as the poorest 3 billion (3,000,000,000).