Why We Should Be Careful with the “1% Control 50% of the World's Wealth” Stat(theconversation.com)

3 pointsby lpcrealmadridvor 12 Jahren2 comments

Why We Should Be Careful with the “1% Control 50% of the World's Wealth” Stat

https://theconversation.com/numbers-that-become-memes-can-be-dangerous-to-society-21975

2 comments

Good point. Especially that stat, because it is so volatile. So much of the wealth is tied up in the value of companies or other complex things whose value is illiquid, and whose value can change quickly.

Still though, not like it's going to go to 50/50, 70/30, or some less-eye-popping number anytime soon.

lpcrealmadridvor 12 Jahren

True! I just think a lot of times numbers become commodified and make rounds on the internet (accompanied by a superficial level of analysis) without touching upon the real reasons why that number is significant.