The Difference More Global Equality Could Make

[marmar]

from Too Much: A Commentary on Excess and Inequality:



The Difference More Global Equality Could Make
October 17, 2010

Despite our current global economic hard times, says a new study from banking giant Credit Suisse, the world has more than enough wealth to ensure every adult on it a significant personal net-worth nest egg.

By Sam Pizzigati


Who owns, right now, the wealth of the world? Until just over a week ago, we really didn’t have much in the way of specifics for an answer.

The United Nations University in Helsinki, in 2006, did try to tally household assets for the entire world. But that UN University World Institute for Development Economics Research report didn’t cover data from any year beyond 2000.



Now two of the scholars behind that 2006 report, Anthony Shorrocks and Jim Davies, have joined with the Credit Suisse Research Institute in Zurich to produce an even more ambitious global wealth tally, current all the way into 2010.

This new body of research, the first Global Wealth Report the Swiss banking giant Credit Suisse has published, crunches the data for over 200 countries worldwide. The data cover the wealth holdings of the world’s rich — and everybody else. ..........(more)

The complete piece is at: http://toomuchonline.org/the-difference-more-equality-could-make/