Billionaires gain as living standards fall - World Socialist Web Site
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Les riches toujours plus riches, les pauvres toujours plus pauvres
Billionaires gain as living standards fall
11 January 2013
The world’s 100 richest people added $241 billion to their combined wealth in 2012, according to the Bloomberg Billionaires Index. The top 100 controlled an aggregate $1.9 trillion as calculated by the prices on world stock markets December 31, for an average of nearly $20 billion apiece.
If the top 100 were a separate state, their combined wealth would outstrip the Gross Domestic Product of all but eight countries. They would rank behind Italy, but ahead of India and Russia. Of course, being billionaire capitalists, the top 100 don’t actually produce anything. They own, and reap the benefits of, the labor of others.