In January this year, Oxfam published a report on the unequal distribution of global wealth. The wealthiest 1% of the world’s population own almost half of the world’s wealth. By contrast, the poorest 50% have less than 1%. In my opinion, the concentration of such wealth at the top is a monstrous obscenity.
Suppose the poorest 50% could double their share. I reckon that the rising tide for the poor would then have a catalytic effect. It would lift the economic boats for 93% of the world’s population. They would gain almost 2% of world wealth. To balance that, the richest 7% would lose almost 2%.
Godless multinational companies blatantly exploit millions of sweatshop labourers. They must distribute their profits more fairly. Then the poor people could receive their rightful share of its wealth.