Who Should an Economy Serve?
The top one percent own half of all the world's assets. In stark contrast, the bottom fifty percent of the world owns less than one percent. According to the 2014 Global Wealth Report from Credit Suisse, global inequality has surged since the 2008 financial collapse. The report explains that while global wealth has more than doubled since the year 2000, the vast majority of overall growth has gone to those who were already wealthy. Emma Seery of Oxfam International explained how serious this inequality has really become. She said, “in poor countries, rising inequality means the difference between children getting the chance to go to school and sick people getting life saving medications.” And, thanks to Thomas Piketty, we know that even in so-called developed nations like ours, inequality can be one of the biggest threats to a functioning democracy. It's time to fight for an economy that works for all the people of the world, and a system that asks those with the most to contribute their fair share.