The Rise of the Oligarchs | Empire

Wealth inequality has risen to stratospheric heights. The statistics, the real statistics, sound like fragments spun off from a madman’s dream. Eighty-five people have as much money as three and a half billion other people. Look at it like this: 85 people = 3,500,000,000 people. Forbes Magazine, which used to gleefully refer to itself as a “capitalist tool,” creates an annual list of the richest 400 people in the world. Ten years ago, their combined wealth was $1,000,000,000,000 (one trillion dollars). Now, after a world wide crash and all sort of bailouts, their combined worth is $2,000,000,000,000. They have doubled their money. How have you done? Did their money come to them because the magic of the market realised how ultra-special talented they were? Or because of power? Mani

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