ABSTRACT
The privatization of security is a luxury for the wealthiest members of the global community. This issue is magnified by the increasing inequality of the distribution of wealth around the world. A recent report by Oxfam International reported that the richest 85 people in the world own the same amount of wealth as the bottom 50 percent of the world’s population. It would take an organized effort of 3.5 billion people to match the wealth of those 85, and the distribution is getting worse. The political and economic response on the part of countries and global corporations to the recent recession has not hindered the wealthy, but
instead has contributed to the disparity. The richest 1 percent of the global population has increased its share in 24 out of 26 countries over the last 30 years. Also, in the United States since 2009, the wealthiest 1 percent was the beneficiary of 95 percent of financial growth, while the bottom 90 percent of the population became more impoverished.1
