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Canada’s Richest 1% Nearly As Wealthy As Poorest 80%
(www.readthemaple.com)
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According to the World Inequality Index, between 1999 and 2024, the top-1% in Canada grew their wealth from 26% to 29%.
In the same period in other countries, the top-1% changed their wealth:
Worldwide, the top-1% share was stable at around 37%.
In the same period 1999-2024, the wealth of the bottom-50% in Canada slightly shrank from 15% to 14%. In other countries:
Worldwide, the bottom-50% grew their share of the total wealth slightly from 7% to 8%.
Source for the top 1%, here for the bottom 50%.
You can play around in the linked diagrams for other countries and regions.
Geez China. So much for lifting a billion out of poverty.
I mean, conditions have gotten better, but clearly there's gaps.
There is ample evidence that inequality is on the rise in China.
Yes, and you just posted it. Did you think I was arguing?
Lot of SIMPs for China around Lemmy even for a reasonable critique. Can be hard to tell sometimes
Yeah, that's definitely fair.
No, all fine. Sorry if my comment was misleading.
yah china lie about its numbers a lot, im beginning to wonder about its population count as well
They already did that, now capitalism evolves into its final form as fascism like it always does.