December 11, 2019
At the start of 2019, Oxfam released a report at the World Economic Forum that said, “Billionaire fortunes increased by 12 per cent last year — or $2.5 billion a day — while the 3.8 billion people who make up the poorest half of humanity saw their wealth decline by 11 per cent.” That is the Power Curve for you. To put it more starkly — the 26 richest people in the world now have as much wealth as the poorest 3.8 billion people. That may well be the difference between the capitalist system and a system that attempts to minimise the disparities. What tilted our world view to say the Power Curve is the way things are going to be?
