French Professor Thomas Piketty reflects on one of his recent books - A Brief History of Equality

Wits University is celebrating 100 years of teaching economics. And to mark the occasion, the university invited eminent French Professor Thomas Piketty to give reflections on one of his recent books: entitled A Brief History of Equality. Speaking virtually, one of the revelations that Piketty shared was that there's been limited progress in wealth distribution across the world since the industrial revolution. Piketty notes that the bottom 50% of societies, on average, own around 5% of the national wealth - this includes the developed world.
In South Africa, the picture is even worse, with the bottom 50% said to own less than 1% of national wealth if that.