Inequality

8 billionaires own the same wealth as the poorest half of the world's population - does it matter?

Oxfam have updated their list and comparison of the world's super-rich showing that the top 8 wealthiest people own the same wealth as the poorest half of the world's population. You can see their article here

Interestingly, the Oxfam announcement has come under a little criticism about its relevance (no-one appears to be questioning the data) and I thought it would be interesting to ask students how they felt about the issue. Does it matter that we have a small amount of super-rich people if, on average, every human being is getting wealthier?
 
The criticisms of the Oxfam article can be found at a BBC link here