According to the charity Oxfam, in 2012, the Worlds top 100 richest people earned enough money, $240 billion, to end world poverty four times over.
'It's gotten so out of control between rich and poor that one of the obstacles to solving extreme poverty is now extreme wealth' said Ben Phillips, a campaign director at Oxfam.
'We can no longer pretend that the creation of wealth for a few will inevitably benefit the many. Concentration of resources in the hands of the top one per cent depresses economic activity and makes life harder for everyone else – particularly those at the bottom of the economic ladder. In a world where even basic resources such as land and water are increasingly scarce, we cannot afford to concentrate assets in the hands of a few and leave the many to struggle over what’s left'.
According to UNICEF, 22,000 children die each day due to poverty and 2.7 billion live on less than $2 a day which the The World Bank defines as the poverty line.
Maybe we should ask the third of the starving population how the Capitalism system is working out for them because for 100 people, it's brilliant.