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85 Billionaires and the Better Half by Michael Parenti

February 22, 2014

Dandelion Salad

by Michael Parenti
Writer, Dandelion Salad
Michael Parenti Blog
michaelparenti.org
February 18, 2014

Central African Republic: Torn Apart by Violence Image by S. Phelps/UNHCR Photo Download via Flickr

The world’s 85 richest individuals possess as much wealth as the 3.5 billion souls who compose the poorer half of the world’s population, or so it was announced in a report by Oxfam International. The assertion sounds implausible to me. I think the 85 richest individuals, who together are worth many hundreds of billions of dollars, must have far more wealth than the poorest half of our global population.

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One Comment
  1. I have not heard of a one currency world wide that I remember, I thought on this idea recently, and thought this is not a capitalist money making process, as the money made on the international money making racket is to good for those in power to let go.

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