{"id":105607,"date":"2018-01-29T12:01:42","date_gmt":"2018-01-29T12:01:42","guid":{"rendered":"https:\/\/www.transcend.org\/tms\/?p=105607"},"modified":"2018-01-27T14:01:05","modified_gmt":"2018-01-27T14:01:05","slug":"are-the-miserable-of-the-earth-aware-of-davos-heinous-inequalities-part-2","status":"publish","type":"post","link":"https:\/\/www.transcend.org\/tms\/2018\/01\/are-the-miserable-of-the-earth-aware-of-davos-heinous-inequalities-part-2\/","title":{"rendered":"Are the Miserable of the Earth Aware of Davos? Heinous Inequalities (Part 2)"},"content":{"rendered":"
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Maids prepare a room for a guest in a wealthy Kenyan household, 2011. Photo Guillaume Bonn<\/p><\/div>\n

26 Jan 2018 – <\/em>While the first part of the series Are the Miserable of the Earth Aware of Davos? Part One. The nation of millions of jobless youth dealt with the alarming situation of over 200 million unemployed human beings worldwide, one third of them are youth with a bleak future, Part Two now focuses on the heinous inequalities dominating the world.<\/p>\n

See what is at stake.<\/p>\n

As much as 82 per cent of the wealth generated in 2017 went to the richest 1 per cent of the global population, has just warned Oxfam International<\/a>‘s report Reward Work, Not Wealth<\/a>, which was launched as political and business elites gather for the World Economic Forum in Davos, Switzerland on 23-26 January 2018. Meanwhile the 3.7 billion people who make up the poorest half of the world saw no increase in their wealth, warns the report.<\/p>\n

Reward Work, Not Wealth<\/a> how the global economy enables a wealthy elite to accumulate vast fortunes while hundreds of millions of people are struggling to survive on poverty pay.<\/p>\n

The new data reveals how the dangerous, inhumane gap between the rich and the poor has been deepening. In fact, in Oxfam International<\/a>\u2019s 2017 report An economy for the 99 per cent<\/a> already warned that the gap between rich and poor is \u201cfar greater than had been feared.\u201d<\/p>\n

Just know that last year, just eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity, according to the report elaborated by this international confederation of 19 organisations working in more than 90 countries.<\/p>\n

The Deepening Gap<\/strong><\/p>\n

The richest are accumulating wealth at such an astonishing rate that the world could see its first trillionaire in just 25 years. To put this figure in perspective \u2013 you would need to spend 1 million dollars every day for 2738 years to spend 1 trillion dollars, the report alerted.<\/p>\n

Just for you to compare, here there are some is this year\u2019s key findings:<\/p>\n