Articles by Shannon Jones
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Wealth of World’s Billionaires Soars amid Stock Market Surge
Shannon Jones | WSWS – TRANSCEND Media Service, 3 Apr 2017
Combined, the top 10 billionaires on the Forbes list alone took in $558 billion, more than the Gross Domestic Product of Venezuela. Just eight of those billionaires control as much wealth as the bottom half of the world’s population, 3.6 billion people, according to Oxfam. More fundamentally, the increasing concentration of wealth among the world’s richest represents a social retrogression in which society’s resources are being plundered in the name of a mad pursuit of private gain, profits; unjustifiable, pernicious greed.→ read full article