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'Global Oligarchy' Reigns as Top 1% Controls More Wealth Than Bottom 95% of Humanity
(www.commondreams.org)
this post was submitted on 23 Sep 2024
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Seems very unlikely. Suppose that global population is 7 billion. One percent is 70 million then. Neither "you and me" or "EU and me" are good analogies. The population of the EU is ~450 million, the population of the US is 330 million - with a bunch of additional "western" countries lumped in, let's say - one billion. That is 14% of the global population, far above 1%.
The examined 1% includes people who are better not characterized as "being able to afford browsing Lemmy", but rather being able to afford multiple households in a developed country (or more in an under-developed country). More or less: "people who can come up with one megabuck if they badly want".
Some informative graphics, which by the way contradict the title claim of the post. I don't know which one is right, the title says 1% = 95%, but Wikipedia says 1% = 46%. And it looks bad the other way too, since 55% = 1%...
https://en.wikipedia.org/wiki/Distribution_of_wealth