Youngerthandumb t1_j6mdx3p wrote on January 31, 2023 at 10:31 AM

Reply to comment by Reselects420 in At 6.1%, India to be fastest-growing economy, projects IMF; China at 5.2% by Gopu_17

Global inequality is on the rise. The figures are similar everywhere. It's cliche but, the rich get richer, and the poor get poorer, at least since the 70s.

https://www.oxfam.org/en/press-releases/richest-1-bag-nearly-twice-much-wealth-rest-world-put-together-over-past-two-years

Reselects420 t1_j6me113 wrote on January 31, 2023 at 10:33 AM

Ah but this is since the covid pandemic.

Youngerthandumb t1_j6me4ux wrote on January 31, 2023 at 10:34 AM

You can look at the Oxfam reports going back in the years. I'm not an expert, but the figures are pretty damning.

Here's 2016

https://www.oxfam.org/en/press-releases/richest-1-will-own-more-all-rest-2016

Spiritual-Fan5642 t1_j6npzof wrote on January 31, 2023 at 5:05 PM

So what you really want to say is tgat inequality is a GLOBAL and historical problem.

Youngerthandumb t1_j6nqasu wrote on January 31, 2023 at 5:06 PM

I did say that. However, this thread is about India. I'll quote myself, "Global inequality is on the rise. The figures are similar everywhere."

Spiritual-Fan5642 t1_j6o5wd3 wrote on January 31, 2023 at 6:41 PM

....and historically speaking not much has really changed besides population and concentration of wealth.

But nah, go right ahead and be pedantic about it with incomplete context.

Youngerthandumb t1_j6o9hk8 wrote on January 31, 2023 at 7:03 PM

pedantic because I'm using numbers to make an argument? That's a new one.