Inequality, social dysfunction and misery
NOVANEWS
By Graham Peebles
Year on year the world’s economic divisions and sub-divisions deepen and the associated social ills increase: the rich, comfortable, and the very extremely rich keep getting richer, and the rest, well, while some may be raised up out of crippling poverty into relative poverty, the majority of people continue to live under a blanket of economic insecurity and largely remain where they are.
Straddling the global ladder of economic and social division sit the multi-billionaires (there are now 2,208 billionaires), 42 of whom (down from 61 in 2016), according to a recent report by Oxfam, own the same amount of wealth as the poorest half of humanity combined. Together with their lesser cohorts, this coterie of billionaire sucked up “82 per cent of the wealth generat...