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Global 1% own 43% of financial assets, 5 richest billionaires doubled wealth while 5 billion workers got poorer
The world’s richest 1% own 43% of global financial assets, and the wealth of the top five billionaires has doubled since 2020, while 60% of humanity got poorer, according to a report by Oxfam.
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Prepare for a surge in Global inequality
The evidence clearly is that the Covid-crisis has upended the fiscal conservatism that has been the hallmark of the neoliberal era since the 1980s.
