@return2ozma@lemmy.world to A Boring Dystopia@lemmy.world • 1 day ago'Global Oligarchy' Reigns as Top 1% Controls More Wealth Than Bottom 95% of Humanitywww.commondreams.orgexternal-linkmessage-square37fedilinkarrow-up1382arrow-down14cross-posted to: newsekgworldnews@lemmy.ml
arrow-up1378arrow-down1external-link'Global Oligarchy' Reigns as Top 1% Controls More Wealth Than Bottom 95% of Humanitywww.commondreams.org@return2ozma@lemmy.world to A Boring Dystopia@lemmy.world • 1 day agomessage-square37fedilinkcross-posted to: newsekgworldnews@lemmy.ml
minus-square@Maggoty@lemmy.worldlinkfedilink12•8 hours agoThe 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?
minus-square@umbrella@lemmy.mllinkfedilink2•5 hours agoi’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.
minus-square@Maggoty@lemmy.worldlinkfedilink1•2 hours agoThat’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.
minus-square@umbrella@lemmy.mllinkfedilink1•2 hours agothats 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.
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?
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.
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.
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.