Comment on 'Global Oligarchy' Reigns as Top 1% Controls More Wealth Than Bottom 95% of Humanity
mako@lemmy.today 5 days agoBut what’s your point? Are people making $60k/year causing world hunger through artificial scarcity or is it the greed and mental illness of the capitalist class?
Maggoty@lemmy.world 4 days ago
The math doesn’t even math though. It’s 80 million people, globally. Are we to believe no other country contributes to this number? The entire rest of the “Western world” doesn’t contribute at all?
umbrella@lemmy.ml 4 days ago
i’m not sure, but the middle class in my third world country doesnt have even close to the buying power of the western middle class.
Maggoty@lemmy.world 4 days ago
That’s not how purchasing power parity works. You compare the incomes with the same power, no matter what class they are in their regional economy.
umbrella@lemmy.ml 4 days ago
thats sort of what i mean. if i were to compare it like that, only our 1% would be on par with the western middle class.