Space is a Means of Production: Living Metropolis

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Wealth in the world in 2021

www.utopianurbanism.com

Wealth in the world in 2021

L.L. Sontag
Dec 24, 2021
Share this post

Wealth in the world in 2021

www.utopianurbanism.com


Is it fair that 12% of the world’s individuals own 85% of the wealth?

Wealth measures the value of all the assets of worth owned by a person, community, company, or country. Essentially, wealth is the accumulation of scarce resources. 

  “Wealth has little to do with savings in the usual sense. Rather it is the result of capital gains

— especially the increased value of land — and an increase in the capitalized value

of other [economic] rents [any payment in the context of a market transaction].” (Stiglitz, 2014)

  • New First
  • Chronological
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