this post was submitted on 16 Mar 2026
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19% would be the complacent middle class 🤮

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[–] Scotty@scribe.disroot.org 7 points 1 month ago (1 children)

According to the World Inequality Index, between 1999 and 2024, the top-1% in Canada grew their wealth from 26% to 29%.

In the same period in other countries, the top-1% changed their wealth:

  • in Australia and New Zealand, more or less unchanged at around 23%
  • in Europe, more or less unchanged around 25%
  • in the USA, grew from 31% to 35%
  • in China, grew from 19% to 30%
  • in Russia, grew from 40% to 49%
  • in Latin America, unchanged at around 36%
  • Oceania, grew from 24% to 27%
  • Sub-Saharan Africa, shrank from 38% to 34%

Worldwide, the top-1% share was stable at around 37%.

In the same period 1999-2024, the wealth of the bottom-50% in Canada slightly shrank from 15% to 14%. In other countries:

  • in Australia and New Zealand, more or less unchanged at around 5%
  • in Europe, more or less unchanged around 3%
  • in the USA, grew from 0.6% to 1%
  • in China, shrank from 14% to 6%
  • in Russia, shrank from almost 7% to less than 3%
  • in Latin America, unchanged at 2%
  • Oceania, decreased from 3% to 2%
  • Sub-Saharan Africa, slightly increased from below 2% to 2.1%

Worldwide, the bottom-50% grew their share of the total wealth slightly from 7% to 8%.

Source for the top 1%, here for the bottom 50%.

You can play around in the linked diagrams for other countries and regions.

[–] CanadaPlus@lemmy.sdf.org 5 points 1 month ago* (last edited 1 month ago) (3 children)

Geez China. So much for lifting a billion out of poverty.

I mean, conditions have gotten better, but clearly there's gaps.

[–] Scotty@scribe.disroot.org 4 points 1 month ago (1 children)

There is ample evidence that inequality is on the rise in China.

[–] CanadaPlus@lemmy.sdf.org 3 points 1 month ago (2 children)

Yes, and you just posted it. Did you think I was arguing?

[–] InternetCitizen2@lemmy.world 3 points 1 month ago (1 children)

Lot of SIMPs for China around Lemmy even for a reasonable critique. Can be hard to tell sometimes

[–] CanadaPlus@lemmy.sdf.org 2 points 1 month ago

Yeah, that's definitely fair.

[–] Scotty@scribe.disroot.org 3 points 1 month ago

No, all fine. Sorry if my comment was misleading.

[–] Smaile@lemmy.ca 2 points 1 month ago

yah china lie about its numbers a lot, im beginning to wonder about its population count as well

[–] Doomsider@lemmy.world 1 points 1 month ago

They already did that, now capitalism evolves into its final form as fascism like it always does.