Economy
Are We Entering The Bullwhip Curve?
The Economist took on a recent Oxfam publication which predicts that the 1% will own half of the world’s wealth by 2016. (The chart on the left below shows the Oxfam forecast.) The article in The Economist admonishes the Oxfam pub for their choice of dates (2010-2014) in projecting the trend, stating that starting instead in the year 2000 would push the milestone out to 2035. (Some solace.) (more…)