Watching the Word
Sunday, April 6, 2008 12:57:33 PM
"The richest 1% of adults in the world own 40% of the planet's wealth," reports London Guardian. "Those in financial services and the internet sectors predominate among the super rich," states the newspaper. A UN study finds that 37% of the richest live in the United States, 27% in Japan, and 6% in the United Kingdom. The poorest part of the world's adult population own barely 1% of its wealth. According to Duncan Green, head of research in Britain's charity Oxfam, "these levels of inequality are grotesque.... It is impossible to justify such vast wealth when 800 million people go to bed hungry everynight."












