India, Nov. 5 -- igest a few floating facts before we venture into the depths. More than four-fifths of the nations face income inequality, which covers 90 per cent of the world's population. Wealth inequality is more serious than income inequality; in fact, income inequality fell since 2000, though largely because of China's prosperity. When it comes to wealth, while the richest 1 per cent "captured" more than 40 per cent of the new wealth between 2000 and 2025, the bottom half had to contend with 1 per cent of the riches. What this means is that while the average wealth of the richest went up by $1.3 million, the figure for the poorest half was a mere $585. Essentially, the wealth of the poor remained the same over 25 years, despite pov...
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