TIL that wealth inequality within countries is increasing, but between countries it's decreasing.
TIL that wealth inequality within countries is increasing, but between countries it's decreasing.
Poor countries are catching up and getting richer faster than the rich countries are - and the accumulation of wealth by the global top 10% is actually decreasing, while the wealth of the bottom 50% is on the rise.
Rich people in poor countries get richer. That‘s all.
I was hoping you'd be wrong so I looked into it and while that's not the whole story, it's not entirely wrong either.
Damn, and I thought I was bringing in good news.