The world’s super-rich hold the greatest concentration of wealth since the US Gilded Age at the turn of the 20th century, when families like the Carnegies, Rockefellers and Vanderbilts controlled vast fortunes.
“Wealth concentration is as high as in 1905, this is something billionaires are concerned about.
Stadler added: “We are now two years into the peak of the second Gilded Age.”.
He said the “$1bn question” was how society would react to the concentration of so much money in the hands of so few.
“Will there be similarities in the way society reacts to this gilded age?,” Stadler asked.
Facebook Twitter Pinterest A painting by Isaak Brodsky (1883-1939) depicts Lenin speaking to the workers of the Putilov factory, in Petrograd, 1917.
John D Rockefeller’s Standard Oil was split into 34 separate companies, including the predecessors of Exxon, BP and Chevron. »
