Report exposes vast wealth gap, but fails to challenge the concentrated power of capital
The latest World Inequality Report 2026 reveals the stark cleavage between rich and poor in the world – a division that is getting wider to the extreme. Based on data compiled by 200 researchers organised by the World Inequality Lab, the report finds that fewer than 60,000 people – 0.001% of the world’s population – control three times as much wealth as the entire bottom half of humanity.
Workers in Canada’s oil and gas industry won’t be able to escape the sector’s coming collapse regardless of the fossil fuel boosterism from politicians in Ottawa and Alberta.
That’s according to new research from the Centre for Future Work, which found that concerns about fossil fuel employment “have been weaponized by industry” to prevent or delay policies to reduce oil and gas production and use.
The world’s axis of rotation has shifted. America is no longer able to provide leadership in global discourse and guidance. US President Donald Trump has effectively sidelined America. China’s hard-earned, multi-decade focus on economic success and global acquisition of resources and critical minerals has accelerated its geopolitical ascendance.
The government has finally laid its cards on the table. The threat against our nation is real. That is why the Department of National Defence (DND) announced its plans to establish a 300,000-person citizens’ army.
This would be one of the largest civilian reserve mobilization efforts in recent Canadian history.
The global climate emergency is no longer a distant warning – it is an unfolding catastrophe. Longer heatwaves, recurring cyclones, changing rainfall patterns, and rising sea levels are already reshaping lives across South Asia. A UN report notes that over the past 50 years, 130,000 lives in India have been lost due to extreme weather events. Between 2001 and 2019 alone, it is estimated that more than 20,000 people died from heatwaves – though the real figure is likely much higher.
Where Are the Customers? Why the Idea of a Pipeline to Asia Is Built on a Fantasy
Asia is electrifying. It doesn’t need or want Alberta’s ultra heavy sour crude.
MARKHAM HISLOP
DEC 06, 2025
roainamini/Pixabay
This post first appeared on Markham Hislop’s Thoughtful Energy Journalism blog on November 28, 2025. Republished with permission.
“The choices we make in the coming years will determine whether the global economy continues down a path of extreme concentration or moves toward shared prosperity.”
A landmark report on global inequality published Wednesday shows that the chasm between the richest slice of humanity and everyone else continued to expand this year, leaving the top 0.001%—fewer than 60,000 multimillionaires—with three times more wealth than the poorest half of the world’s population combined.
