We talk to asset managers, luxury-goods dealers and a sociologist about the wealthy – and how they do it. In 2017, around 80 percent of the wealth generated globally went to just one percent of the population.
The gap between the rich and the poor has been widening in most countries. Economists are analyzing the potential consequences, among them pundits at the IMF which is holding its spring meeting in Washington this week.
The latest International Monetary Fund’s Fiscal Monitor report has focused on inequality and ways of reducing both its causes and effects. Among several fascinating ideas it discusses, universal basic income stands out.
A vast deposit of hard-rock lithium could bring riches to Peru, but it also poses environmental and societal questions. The megaproject would take place in an archeological zone that is also rife with poverty.
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