Mega-galleries such as Hauser & Wirth have benefitted disproportionately from
the growing concentration of wealth in the hands of a small sector of the global elite, giving them the resources to take on many of the functions that were previously the domain of curators, academics, and museums.
Above all,
the growing concentration of wealth has reshaped our political system: it is at the root both of a general shift to the right and of an extreme polarization of our politics.
Not exact matches
Today's must - read story is by Fortune's Chris Matthews, who reveals that
wealth concentration is
growing as millionaires take over an even bigger chunk
of the world's
wealth.
Dr Cassandra Goldie, CEO
of ACOSS, noted when launching the report that
growing inequities in income and
wealth are a «problem both socially but also, importantly, economically as the IMF (International Monetary Fund) has alerted us to, with an important report just last week, that if we're serious about economic growth,
concentration of income and
wealth in the top is bad for the economy».