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

Produced by: Dashran Yohan

Presented by: Dashran Yohan

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  politics,  economy,  government

Tags:  the bigger picture,  beyond the ballot box,  what's politics,  wealth inequality,