Please see below the latest key developments around (in)equality.
- A report from the World Bank found that South Africa is the world’s most unequal country. The top 1 percent of South Africans own 70.9 percent of the nation's wealth. The bottom 60 percent of South Africans collectively control just 7 percent.
- The picture for the economic gap between men and women is bleak and won’t be closed for another 217 years, according to the latest World Economic Forum analysis.
Fundamental shifts in the world of work are eroding traditional social safety nets. Could a universal basic income be the solution?
World's wealthiest 1% control 43% of global assets:top 10% own 83%.Bottom 50% own only 2%.Unsustainable contrasts->revolutions - Patrick Dixon (on Twitter)
Does Bitcoin herald a revolution in how we will create, exchange and spend money? Launched in 2009 by an anonymous developer, Bitcoin saw a c.1300% spike in value since the beginning of 2013, before recent steep falls suggested it might be a bubble. The Atlantic noted that starting your own currency is "not as complicated as it sounds.
A World Bank infographic shows that around 2.5bn globally still do not have formal access to a financial institution.
Global health and wealth trends over the past 200 years, and projected forward into the future...