“Power concedes nothing without a demand. It never did, it never will, so goes a famous quotation. In a materialistic world, wealth is power, and wealth is concentrating itself in fewer and fewer hands – as in feudalistic or autocratic times. This extreme swing of the pendulum towards one direction has one inevitable consequence – the swing towards the other direction. It is not just a matter of when, but how. Without learning and prudence, the swing to the other direction will be harsh, severe, and terribly disruptive.
A study by Oxfam says the world’s 80 richest people have the same wealth as the poorest 3.5 billion, who make up 50% of the world’s population. The report also shows that the concentration of wealth among the richest 1% is set to continue.http://bbc.in/1J114Ye #BBCGoFigure