Ron Lowe: Massive economic inequality | TheUnion.com

Ron Lowe: Massive economic inequality

Twenty six billionaires have the same combined net worth as the poorest 3.8 billion people on the planet. That’s inequality.

Or, 25 families control almost $1.4 trillion in wealth. The world’s wealthiest family, the Waltons of Walmart, have grown their fortune by $39 billion to $191 billion since June 2018 — an increase of $4 million every hour. Just numbers right?

Except that the Great Depression was caused by massive inequality like this.

Ron Lowe

Support Local Journalism


Nevada City


Support Local Journalism

Readers around Grass Valley and Nevada County make The Union’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Your donation will help us continue to cover COVID-19 and our other vital local news.

 

Connect with needs and opportunities from

Get immediate access to organizations and people in our area that need your help or can provide help during the Coronavirus crisis.


Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.