For July’s “Read of the Month” we at Spirit of Revolt
have chosen a little pamphlet called "Lords of the Realm" it has a look at those who own most of
the planet and most of the wealth produced by the planet’s population. A
very unsatisfactory situation for most people on the planet. Perhaps
reading it may increase your desire to change the equation in favour of
the people who actually create all that wealth, the ordinary person on
the street. Enjoy.
Read online:
The wealthiest 1 percent of the world’s population now owns more than half of the world’s wealth, according to a new report.
The total wealth in the world grew by 6 percent over the past 12 months to $280 trillion, marking the fastest wealth creation since 2012, according to the Credit Suisse report. More than half of the $16.7 trillion in new wealth was in the U.S., which grew $8.5 trillion richer.
But that wealth around the world is increasingly concentrated among those at the top. The top 1 percent now owns 50.1 percent of the world’s wealth, up from 45.5 percent in 2001.
