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   Jonathan Mesiano-Crookston (jmcrookston@mastodon.social)'s status on Friday, 01-Nov-2024 15:43:24 JST Jonathan Mesiano-Crookston

   The world’s five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020 —at a rate of $14 million per hour— while nearly five billion people have been made poorer, reveals a new Oxfam report on inequality and global corporate power. If current trends continue, the world will have its first trillionaire within a decade but poverty won’t be eradicated for another 229 years.

   https://www.oxfam.org/en/press-releases/wealth-five-richest-men-doubles-2020-five-billion-people-made-poorer-decade-division

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     clacke (clacke@libranet.de)'s status on Wednesday, 06-Nov-2024 10:22:25 JST clacke

     in reply to

     • M. Grégoire
     @mpjgregoire @jmcrookston The post agrees with you. The statement "poverty won’t be eradicated for another 229 year" implies that poverty will eventually be eradicated, which implies that they extrapolated from a development where poverty is decreasing.
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     M. Grégoire (mpjgregoire@cosocial.ca)'s status on Wednesday, 06-Nov-2024 10:22:26 JST M. Grégoire

     in reply to

     @jmcrookston Global poverty has been declining over the last thirty years: https://ourworldindata.org/grapher/reconstruction-of-historical-global-extreme-poverty-rates-1820-2017-roser-and-hasell-2021-and-world-bank2020

     #poverty