Global inequality approaches shocking levels
Amina Taylor
Press TV, London
Global inequality is growing and at a rate that could have devastating consequences if left unchecked.
According to a report by anti-poverty charity Oxfam, by 2016, 1% of the richest individuals will own more wealth than the rest of the remaining 99% combined.
The UK is not immune from the effects of this growing inequality. In 2014 statistics exposed the fact that in the UK just the five richest families have the same wealth as the bottom 20% of the population - around 12.5 million people combined. Globally the impact of this growing inequality is felt in all aspects of daily life.
London is a city that perhaps sums up what growing global inequality looks like. where multimillionaires can share the same space as those struggling and down on their luck.
Cramped apartments housing the struggling poorer in the capital just metres away from five-storey mansions. but now that the problem has been highlighted and laid bare just what are the solutions?
World leaders will insist that their policies will benefit the many and not just the few but on the evidence of the alarming statistics revealed, that will be very difficult to believe.
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