In 2018, 26 billionaires owned the same amount of wealth as the
poorest 3.8 billion people, worldwide, according to a study by Oxfam, an
anti-poverty non-profit organization. In 2017, the number of billionaires was
43, so the trajectory of wealth distribution was one of continued
concentration.[1]
Since the 2008 financial crisis, the number of billionaires doubled by 2019
whereas the poorest half of the world saw its wealth decline by 11 percent. The
trajectory being clear, the questions can be said to be why? and how will it turn out? In this essay, I
briefly attend to the first question by highlighting the intensifying contributions of enabling systems.
The full essay is at "26 = 3.8 Billion People."
1. Laura Paddison, “26
Billionaires Own the Same Wealth as the Poorest 3.8 Billion People,” The
Huffington Post, January 20, 2019.