BFM Podcast

What's Politics #11 - Rich Got Richer, Poor Got Poorer

Tan KW
Publish date: Wed, 28 Feb 2024, 04:31 PM
What’s Politics #11 - Rich Got Richer, Poor Got Poorer

28-Feb-24 14:00

Peter Beattie, Political Economist, Chinese University of Hong Kong (CUHK)

The inequality between the haves and have-nots, has reached unprecedented levels. According to OxFam, a global organization that fights inequality to end poverty, since 2020 the five richest men in the world have seen their fortunes more than double, while almost five billion people have seen their wealth fall. Globally, men own US$105 trillion more wealth than women. The world's richest 1% own 43% of all global financial assets. In other words, the wealthy got wealthier, everybody else got a lot poorer. 

We speak to Peter Beattie, who's a political economist from the Chinese University of Hong Kong (CUHK)

Image credit: Shutterstock

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