Disappearing middle class 'defining issue of our time'

EXCERPTS

Several years ago, many critics told Ricardo Fuentes-Nieva and his team of researchers at Oxfam International that they were foolishly mistaken when they predicted that by the end of 2016, the richest one per cent of the world’s population would control more than half of worldwide wealth.

Their report was criticized for being exaggerated, whiny, and over-simplified by some.