A world divided: Elites descend on Swiss Alps amid rising inequality

The Swiss mountain resort of Davos is seen in this January 16, 2012 file photo. REUTERS/Arnd Wiegmann/Files

Politicians and business leaders gathering in the Swiss Alps this week face an increasingly divided world, with the poor falling further behind the super-rich and political fissures in the United States, Europe and the Middle East running deeper than at any time in decades.

Just 62 people, 53 of them men, own as much wealth as the poorest half of the entire world population and the richest 1 percent own more than the other 99 percent put together, anti-poverty charity Oxfam said on Monday.

Significantly, the wealth gap is widening faster than anyone anticipated, with the 1 percent overtaking the rest one year earlier than Oxfam had predicted only a year ago.

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Hadenoughalready
9 years ago

And to think….all they had to do is lie, cheat and steal their way to the top at our expense. But don’t let anyone else try it – they don’t like competition.