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Articles like these always follow a predictable script: > Compiled using data from the research company Wealth X and Forbes, it says the combined wealth of the
by ankit219 3y ago
Articles like these always follow a predictable script:
> Compiled using data from the research company Wealth X and Forbes, it says the combined wealth of the top five richest people in the world have increased by $464bn, or 114%. Over the same period, the total wealth of the poorest 4.77 billion people – making up 60% of the world population – has declined by 0.2% in real terms.
The keyword here is "in real terms" which is doing most of the lifting here. I know not using this term would not realistically make much of a difference, but it changes the hyperbole used in the article.
Then there is this:
> global income inequality was now comparable with that of South Africa, the country with the highest inequality in the world.
South Africa has a GINI index of 63%. It's hard to define range of comparable when Brazil had a GINI index of 53%.
Outlets like The Guardian do more harm to these causes because of such uncritical and clickbait reporting.