Global Inequality

Distribution of Wealth in the 21st Century

What does economic inequality look like?

Global Economic Distribution in a Snapshot:

Of the 7 billion people on the planet…

1.5 billion people live on just over a dollar a day

Over 80 % lives on less than 10 US$/day

Over 50 % lives on less than 2 US$/day

Over 20 % lives on less than 1.25 US$/day

UNDP

What does economic inequality look like?

Economic Inequality – How it happened

WEALTH = Real Property + Assets – Debts

Economic Inequality – What the research says

“Despite our current global economic hard times the world has more than enough

wealth to ensure every adult on it a significant personal net-worth nest egg.”

--Credit Suisse Bank, 2010

Economic Inequality – Who holds the resources?

At the top of the pyramid are:

1,000 billionaires globally, of which-245 are in Asia Pacific-230 in Europe -500 in North America

80,000 ultra-high-net-worth individuals with average wealth above $50 million

Millionaires hold over 40% of global wealth

-vs-7 BILLION PEOPLE GLOBALLY

Credit Suisse Bank 2010

Economic Inequality – What can we do?

TALK ABOUT IT:

Vatican Calls for Oversight of the World’s Finances

“The time has come to conceive of institutions with universal competence, now that vital goods shared by the entire human family are at stake, goods which the individual states cannot promote and protect by themselves.”

--Cardinal Peter Kodwo Appiah Turkson, President of the Pontifical Council for Justice & Peace

Economic Inequality – What can we do?

CREATE ALTERNATIVES:

Resilient/Transition Communities

TransitionNetwork.Com

The People-Centered Development

LivingEconomiesForum.org