Combined assets of $14.2tn are more than the GDP of every country except China and the US

Combined assets of $14.2tn are more than the GDP of every country except China and the US

Archived version: https://archive.ph/o2gaB

  • can@sh.itjust.works
    99·
    6 months ago

    The billionaires are also collectively worth more than ever, with combined assets estimated at $14.2tn – a $2tn increase on 2023 and more than the GDP of every country except the US and China.

    Their collective wealth has risen by 120% in the past decade, at the same time as billions of people across the world have seen their living standards decrease in the face of inflation and the cost of living crisis.

    At least they got to the point pretty quickly.

    • Kalkaline @leminal.space
      15·
      6 months ago

      How many poor people do you think it would take to relieve the top 1% of their wealth? Surely it’s just a numbers game.

      • Rookwood@lemmy.world
        8·
        6 months ago

        Justice system, electoral system, media, technology, military, police, food, etc. etc. All owned by them. It’s going to have to get very very bad before anything changes.

          • Viking_Hippie@lemmy.world
            4·
            6 months ago

            As if the law generally binds the rich or protects the poor… The Frank Wilhoit quote about conservatism applies to rich people and their control of society just as much as it applies to conservatism:

            Conservatism consists of exactly one proposition … There must be in-groups whom the law protects but does not bind, alongside out-groups whom the law binds but does not protect.

      • Auli@lemmy.caEnglish
        6·
        6 months ago

        That’s when they used to have revolutions or killing the king. Seems we need more of that.