Video:How 62 People Are Wealthier Than 3.6 Billion People

Watch this video by TestTube news which explains the shocking state of inequality present in the world today. Of the many aspects covered in the video, the most striking is the information revealed by Oxfam: The world’s 62 most richest people now have the same wealth as the poorest half of the world , approximately 3.6 Billion people. Income inequality tends to initially rise and then fall as countries grow. But the global financial connections and extreme crises that are occurring have made the poor poorer. Political leaders and policy makers must address this issue urgently.