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That data stops in 2018. If you read the first line of OP's article, it says "The world’s five richest men have more than doubled their fortunes to $869bn (£68
by jychang 3y ago
That data stops in 2018.
If you read the first line of OP's article, it says "The world’s five richest men have more than doubled their fortunes to $869bn (£681.5bn) *since 2020*" (emphasis mine).
Last time I checked, there was something big happening globally since 2020.
You're not even looking at the right data. This is like if someone posted an article in 1960 about growth of nuclear weapons and you posted a chart showing that there were no nuclear weapons before 1945.
- noname120 3y agoInequalities are increasing, but absolute poverty is diminishing year-over-year (and not just only extreme poverty). The article almost exclusively talks about inequalities rather than absolute poverty. If you look at page 37 of the report[1] that you can find in the sources of the report that this article uses as a source you will find that global poverty (not just extreme poverty!) has consistently declined year over year except in 2022 where the preliminary estimations show that it possibly declined by 0.9% — which is, by the way, half the 1.8% positive growth of 2021! The article takes an unfounded alarming stance by making it seem like it has been degrading more and more and that the rich always get more rich whereas the poor always get poorer. That's incorrect, and for all I know 2022 is just an exceptionally bad year for non-rich people due to the consequent layoffs in the middle class — there is no reason as far as I see that the trend will stay in this direction. [1] https://researchrepository.ilo.org/view/pdfCoverPage?instCode=41ILO_INST&filePid=13113570100002676&download=true https://researchrepository.ilo.org/view/pdfCoverPage?instCod...