Paradise for Oligarchs: Poverty, Inequality Soar as Wealth Rises
by Don Quijones • Aug 18, 2017 • 41 Comments
Mexico is nothing if not a land of bewildering contrasts. Economically speaking, the country is a regional powerhouse. On the one hand, it boasts one of the richest “official” billionaires on the planet; on the other, some of the worst income inequality rates in the Western hemisphere. It places 20th on the list of countries with the most millionaires but it’s also home to the 15th largest population of poor people on the planet.
A new study released this week reveals that the wealthiest Mexicans, equivalent to 1% of the population, own roughly the same amount of wealth as 95% of the people further down the wealth scale.
http://wolfstreet.com/2017/08/18/mexico-paradise-for-oligarchs-poverty-inequality-wealth-soar/
