Demowp

Tag: Distribution of wealth

  • Wealth, Authoritarianism, and Media

    It’s official. This tormented, heated, traumatised planet is now home to over 3,000 billionaires. (That number was reached last year.) In October 2025, Elon Musk became the first man to have wealth exceeding half a trillion dollars. These developments could still take alongside the fact that one in four people across the globe face hunger. […]

  • The World’s Richest People are Chinese, not Americans

    The World’s Richest People are Chinese, not Americans

    Four years after defeating the US in battle, in 1955, Mao told colleagues, “If we can’t overtake America in 100 years we don’t deserve to exist. We should be wiped off the face of the earth”. Less than seventy years later, China overtook America. Today, Chinese are much richer than their American and European counterparts, […]

  • Billionaires Could Soon Face More Taxing Times

    Billionaires, beware: Thousands of your countrymen are focusing hard on reining in your riches. All of them, including large numbers of millionaires, want you to pay higher taxes. They want a twenty-first century America with less income inequality and more tax fairness. Something like the America of decades ago, before the laws started leaning toward […]

  • 2024: People Starve As The Rich Get Richer

    Earning enough to pay the rent or mortgage, cover utility bills and travel costs, buy food and have the occasional coffee is difficult, impossible for many. But it’s not hard for everyone, is it? There are a small number of people living among us who don’t have to worry about the bills, are not troubled […]

  • The Battle for Income Equality

    Questioning the statistics in Thomas Piketty’s best-selling book, Capital in the Twenty-First Century, with intent to undermine his thesis, is futile. Even if Piketty’s alert that returns on investment have exceeded the real growth of wages and economic output, which means that the stock of capital is rising faster than overall economic output, is not […]

  • Why Are There No Slums in China?

    Why Are There No Slums in China?

    With over 20 million inhabitants each, Shanghai and Beijing are among the “hypercities” of the Global South, including Delhi, São Paulo, Dhaka, Cairo, and Mexico City, far surpassing the “megacities” of the Global North like London, Paris, or New York.1 Walking the streets in China’s cities, you will however, quickly notice one marked difference – […]

  • The Rice Bowl of the Chinese People Is Held Firmly in Their Hands

    The Rice Bowl of the Chinese People Is Held Firmly in Their Hands

    Fan Wennan (China), 中国 2098: 太阳照常升起 (‘China 2098: The Sun Rises Just the Same’), 2019–2022. At the 2012 United Nations Conference on Sustainable Development held in Rio de Janeiro (Brazil), member states decided to replace the Millennium Development Goals (established in 2000) with Sustainable Development Goals (SDGs). The first SDG was to ‘end poverty in […]

  • A Glimpse into Homelessness

    A Glimpse into Homelessness

    “The estimated number of homeless people in Canada ranges from 150,000 to 300,000, and the figure has been rising.” — Homelessness Statistics in Canada, 4 February 2023, Statscan The Department of Housing and Urban Development (HUD) counted around 582,000 Americans experiencing homelessness in 2022.

  • Freeing America from the Quagmire of Inequality

    Freeing America from the Quagmire of Inequality

    The levels of wealth inequality we are currently witnessing in this country are unprecedented and alarming. The very richest among us have succeeded in grabbing ever more of the proverbial pie, and the trend is only worsening. Wealth inequality is proving disastrous for America. On both collective and individual levels, we are suffering because of […]

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