It is an undisputed fact that the debate about social inequality in the world will dominate many political and economic discussions over the next few years.
We live in an era where the super-rich have tacked away wealth estimated between $21 trillion and $32 trillion in tax havens such as Switzerland and the Cayman islands. These figures which were recently released in a study by an economist at Mckinsey consulting firm show that the top 10 percent of the world’s population control 84 percent of assets, while the bottom 50 percent have access to just 1 percent.
It is for this reason that we will continue to see a growing movement in many parts of the world. The protests in Tahir Square, the toppling of the regime in Tunisia and the occupy Wall Street Movement in New York, all signify the discontent deeply felt by the vast majority of ordinary people on the street.
While critics claim that most of these protests have not brought about any reform that is tangible particularly in relation to the “Occupy Movement”, it can be argued that these movements have significantly increased public awareness about the economic disparity and unbalanced power in the hands of the wealthy. They have sown the seeds that will ultimately lead to a change in the way things are done.
- World Social Inequality More Pronounced Than Ever (sott.net)
- Tax havens and the super-rich: why the government has one eye closed (newstatesman.com)
- An appeal for fairness in society (newscientist.com)