In every country there is a selection of people that earn far more than the average citizen on an annual basis, yet the elite people of a specific country are also part of the richest people in the world. According to the research conducted by Branko Milanovic who is the lead research economist for the World Bank, the richer will continue to be rich while the poor people will become poorer as the rich people are earning 50% of the global income. The rich people also assist their children by sending them to prestigious universities and setting them up with their own companies, then when they pass away their fortunes are left to their children. With the rich people club being an elite club of high earning families it begins to seem almost impossible to become part of this club without having to resort to criminal activities! The article on AlterNet provides detailed information on the pending report from Milanovic and how a single country’s elite group affects the global inequality problem, definitely worth reading.
Leave a Reply