CNN reports a new study has found that richest 1% of the world own - TopicsExpress

CNN reports a new study has found that richest 1% of the world own 48% of all wealth, in fact, the richest 5% own 96% of all wealth -- leaving only 4% of the worlds wealth available for 95% of all people. The worlds richest 80 individuals have combined wealth larger than the poorest 3.5 billion. Historically, market capitalism and democracies have been unable to survive environments characterized by such contrasts. Absence of middle class combined with many impovershed living in misery historically leads to socialism. So this is a worrisome situation. Discuss. cnn/2015/01/19/world/wealth-inequality/index.html

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