Two-thirds of recent global wealth went to the top one percent

Evidence

What would happen if the majority of people realized that in the last three years, about two-thirds of the wealth created has gone into the hands of 1 percent of the global population? And that while more than 820 million people go to bed with empty stomachs every night, 2,600 billionaires add 2.7 billion to their wealth every day? What if the majority learned that the soap we buy with our wages comes from the Indian Unique Chemicals, a company for which the workers of Dharavi work twelve hours a day for about 70 a month? — Clara E. Mattei, Escape from Capitalism, 382

Categorization

• SHARE: The Dharavi soap-workers detail ($70/month, 12-hour days) is a sharp, konkret data point to send to anyone working on supply-chain or labor issues.
• XREF: connects to: Global wealth concentration has reached extreme, quantified levels over the past decade — Clara E. Mattei, Escape from Capitalism, 27; Rentier income share rose broadly across OECD countries in recent decades. — Greta R. Krippner, The Financialization of the American…, 16; Sixty-five percent of recent US income growth went to the top one percent — Wendy Brown, Undoing the Demos: Neoliberalism’s…, 655