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Inequality today has hit a 100 year high and billions of poor people could not realize the growth that is taking place in the world economy for decades.
Income inequality diminishes education opportunities for the poorer and this trend keeps on widening itself from one generation to the following. It propels leverage (level of bank loans) by encouraging customers and firms to take excessive risks.
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“Richest 1% own half of the world’s wealth” according to the Guardian.
People who account for 70% of the world’s working population, account for only 2.7% of global wealth. Going further into statistics, the world’s richest 500...
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