Answer to Question #84718 in Regional geography for Dee Davis

Question

What are some of the numerous effects of the concentration of wealth, power, and land? Consider the effects on the elite minority as well as the poor majority.

Answer 1

According to a recent study of Oxfam, only 1 percent of the population owns 99 percent of the values on Earth. Their research shows that 62 people own the same amount of wealth as the poorest half of the world's population. The concentration of wealth, power and lands in the hands of the elite minority is increasing every year. In a few years the condition of these 62 people has increased by 44 percent. During this time, the poorest part of the population lost $ 1 trillion, which equals 40 percent of the poor.