Global inequality hits Davos
DAVOS – Sixty-two. That is how many of the world’s wealthiest people own as much as the poorest 3.6 billion, down from 388 people in 2010. This shocking figure has made the rounds last week’s annual meeting of the World Economic Forum (WEF) in Davos, as political and business leaders debated how to improve the state of the global economy. The question is whether the global elite attending Davos will take action to combat damagingly high (and growing) economic inequality.