9 Jan 2013
The average per capita income of the world is US$10,000. So why are so many people so life threateningly poor? The superficial answer is that there isn't enough income distribution in the world. The top 25% of the human population gets over 90% of the share of global household income, while the bottom 25% gets just 0,78%. Why is income so unequally distributed and what can be done to address the problem?
For answers and deeper insights, as well as a glimpse into the scope of global poverty and inequality, listen to this talk by author of the book, World Poverty and Human Rights, Thomas Pogge, who argues that a big part of the problem of inequality is that there's been "regulatory capture" by the rich, which has really become entrenched in the last 20 years.