Capitalism in crisis, the books don’t balance
Social inequality, major inheritances, and the fragility of actual capitalism concept are forcing people to rethink the actual capitalism. Inequality is the definition of economy in a time marked by the lack of opportunities. Just to give some examples of how this translates into practice, of all the wealth generated in the world in 2017, 82% went into the hands of the richest 1% of the planet. On the other hand, the poorest half of the global population – 3.7 billion people – did not get anything. In Brazil, there are five billionaires whose wealth is equivalent to that of the poorest half of the country, reaching U$ 2 trillion in 2017 – 13% higher than the previous year. At the same time, the poorest 50% of Brazil saw their ‘wealth’ reduced over the same period, from 2.7% to 2%. The data came from NGO OXFAM, an international organization that defends and encourages sustainable development since the 1950s.