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lederhosenCan't see the original to figure out whether this is the fault of News or BBC, but...
In the latest issue of BBC Focus magazine, British researchers number-crunched the global differences in the seven deadly sins... Greed was determined by the percentage of the population with annual earnings less than 50 per cent of the median value
*le sigh*
In the latest issue of BBC Focus magazine, British researchers number-crunched the global differences in the seven deadly sins... Greed was determined by the percentage of the population with annual earnings less than 50 per cent of the median value
*le sigh*
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Date: 2010-01-30 10:42 pm (UTC)I think you're right in guessing that that's what they envisioned as their 'non-greedy' society. But the stupid thing is, there are plenty of grossly unequal distributions that would also satisfy it.
If 51%+ of the population are earning $1/day, and the remainder are making a fortune sweating the majority, median is $1 and nobody's below that median. You can push the Gini coefficient out to 1 and still get a 'non-greedy' society in this metric.