Global Inequality

Pope Leo XIV Condemns Exploitation of Africa’s Resources

Pope Leo XIV has issued a strong condemnation against the exploitation of Africa’s natural resources, labeling it a surefire path to widespread discontent and instability. During a significant address in Luanda, the capital of Angola, the Pontiff underscored a long-standing pattern where the continent’s wealth has been viewed primarily as a source for external extraction rather than for the benefit of its own people. He articulated a vision for breaking free from this “chain of interests” that reduces life and natural bounty to mere commodities, warning that such an “extractive logic” invariably leads to suffering, death, and devastating social and environmental consequences across the globe.… Continue reading

Report: 0.001% Owns Triple the Wealth of Poorest Half of Humanity

The World Inequality Report 2026 revealed that global inequality has reached extreme levels, with a tiny fraction of the world’s population controlling a disproportionate amount of wealth and income. The report found that the top 10% earn more than the other 90% combined and own 75% of the wealth. Inequalities of opportunity further fuel these disparities, as highlighted by educational spending discrepancies across regions. The report also emphasized how the financial system and capital ownership contribute to inequality and climate change, ultimately calling for urgent action through increased taxation, public investment, and addressing political fragmentation.

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Billionaire Wealth Explodes While Millions of Children Face Hunger

Save the Children’s analysis reveals that approximately 18.2 million children—35 per minute—were born into hunger in 2024, a 5% increase from the previous year. This rise is attributed to conflict and climate-driven crises, exacerbating existing food insecurity and resulting in an estimated 800,000 additional children experiencing hunger. The report highlights the stark contrast between this alarming statistic and the record-high wealth of global billionaires, suggesting a significant disparity in resource allocation. Eradicating global hunger is estimated to require a relatively small portion of billionaires’ collective wealth.

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