Censored 2015: The Most Underreported Story of the Year
By Jim Miller
As I wrote back in mid-October, Project Censored recently released their list of the most underreported stories of 2015. The number one story on their list features the news that 2016 will be the year when half of the world’s wealth will be controlled by the top 1%. More specifically, they document how:
According to the Oxfam report, the proportion of global wealth owned by the 1 percent has increased from 44 percent in 2009 to 48 percent in 2014 and is projected to reach 50 percent in 2016.
In October 2014, a prior Oxfam report, “Even It Up: Time to End Extreme Poverty,” revealed that the number of billionaires worldwide had more than doubled since the 2009 financial crisis, showing that, although those at the top have recovered quickly, the vast majority of the world’s population are far from reaping the benefits of any recent economic recovery.
Even more staggering, the world’s richest eighty-five people now hold the same amount of wealth as half the world’s poorest population. “Failure to tackle inequality will leave hundreds of millions trapped in poverty unnecessarily,” the report’s authors warned.



By Jim Miller
By Jim Miller
By Jim Miller
By Jim Miller
By Jim Miller
By Jim Miller with Ian Duckles
By Jim Miller




Recent Comments