The increasing concentration of wealth into the hands of a smaller number of persons is in part due to globalization and is part of the accelerating process of

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Globalization has led to the creation of a global economy, where multinational corporations dominate and accumulate wealth. This concentration of wealth has resulted in an increase in economic stratification, whereby a smaller number of individuals possess the majority of the world's wealth while the majority of people have considerably less. This trend contributes to the social and economic inequality present in many societies.

The Increasing Concentration of Wealth into the Hands of a Smaller