World inequality report is the most
widespread report on behalf of
World Economic Forum. It clearly
reveals the intensifying inequalities
in the distribution of global wealth.
This report has been prepared by
world
inequality
Lab
in
collaboration with Paris School of
Economics
and
California
University in Berkeley. This report
categorically reveals that the
inequalities have been on the rise
since 1980.This indicates the close
connection between the neo-liberal
policies and increasing inequalities.
Oxfam also submitted another
report on global inequalities. It
reveals that the world wealth
concentrated in just 8 persons in
equivalent to the wealth of 3.6
billion people in the world. Similarly
the wealth possessed by one
percent top level rich is more than
double to the wealth of low level 50
percent people. Alas, what is the
state of distribution of Global
wealth?
This report father states that
in the wealth created in 2017 as
high as 82% abroad appropriated
by a mere 1% affluent section
while low level 50% did not get any
share in it. This clearly indicates
the strengthening of hierarchical
ladder of economic structures.
Therefore the report strongly
states that “Labour should be
rewarded and not wealth”. However
it did not recommend any change