Africa has 7 out of 10 fastest growing economies, but 6 out of 10 unequal countries are also in Africa. Adrienne Klassa reports that “extreme economic inequality is out of control and getting worse” while “80 billionaires have the same amount of wealth as the bottom half of the planet”.
Others argued that “if you increase the income share of the poorest, you get a multiplying effects that you do not get if you increase the income share of the richest”
Far from being omitted from discussions taking place in Davos, global inequality was one of the core topics on the agenda. Incongruencies of setting aside, the fact that this conversation took place in the rarefied atmosphere of Davos shows that, after years on the margins, fears over the consequences of inequality have become a mainstream business and policy concern.