According to a report published in The Guardian (7 April), the world’s richest 1% are on course to control as much as two-thirds of the world’s wealth by 2030.
An alarming projection produced by the UK House of Commons library suggests that if trends seen since the 2008 financial crash were to continue, then the top 1% will hold 64% of the world’s wealth by 2030. Even taking the financial crash into account, and measuring their assets over a longer period, they would still hold more than half of all wealth.