Combined assets of $14.2tn are more than the GDP of every country except China and the US

Combined assets of $14.2tn are more than the GDP of every country except China and the US

Archived version: https://archive.ph/o2gaB

  • can@sh.itjust.works
    0·
    8 months ago

    The billionaires are also collectively worth more than ever, with combined assets estimated at $14.2tn – a $2tn increase on 2023 and more than the GDP of every country except the US and China.

    Their collective wealth has risen by 120% in the past decade, at the same time as billions of people across the world have seen their living standards decrease in the face of inflation and the cost of living crisis.

    At least they got to the point pretty quickly.

    • NJSpradlin@lemmy.world
      0·
      8 months ago

      Should have started with it, though. Consolidation of wealth at the expense of the lower classes at an unprecedented rate.

      • Auli@lemmy.caEnglish
        0·
        8 months ago

        That’s when they used to have revolutions or killing the king. Seems we need more of that.

    • Kalkaline @leminal.space
      0·
      8 months ago

      How many poor people do you think it would take to relieve the top 1% of their wealth? Surely it’s just a numbers game.

      • Rookwood@lemmy.world
        0·
        8 months ago

        Justice system, electoral system, media, technology, military, police, food, etc. etc. All owned by them. It’s going to have to get very very bad before anything changes.

          • Viking_Hippie@lemmy.world
            0·
            8 months ago

            As if the law generally binds the rich or protects the poor… The Frank Wilhoit quote about conservatism applies to rich people and their control of society just as much as it applies to conservatism:

            Conservatism consists of exactly one proposition … There must be in-groups whom the law protects but does not bind, alongside out-groups whom the law binds but does not protect.

      • jjjalljs@ttrpg.network
        0·
        8 months ago

        I don’t remember if this is one of the pearl clutching boot licking communities that removes comments about violence targeted at people who harm all of us, so this might get removed, but:

        A lot of billionaires are just people that can fall down a flight of stairs like anyone else. I’m honestly surprised during the Twitter shakeup no one just shot Musk in the gut.

        There’s probably rules against porn too so I won’t describe him bleeding out.

        • Breezy@lemmy.world
          0·
          8 months ago

          Describing musk bleeding out is like porn to you? I mean whatever floats your boat, i guess. I personally might call it an early christmas gift if it were to happen though.