Bernard Arnault could buy Marseille and 4 more infographics not to be missed

Economic alternatives selected for you the best charts of the week. For this new graph, we take stock of the disproportionate weight of the top ten French fortunes, the very low participation in legislative elections, the world’s displaced people, those Frenchmen who don’t go on holiday, and the increase in outstanding solidarity funding.

1/ Bernard Arnault could buy Marseille

How to recognize a very rich person? The size of his house, often. Not even the number of houses he owns. Stone, we’re told this is the only real thing. Well, Bernard Arnault, the richest man in France, is so rich that he could buy all the housing for the 868,000 inhabitants of Marseille.

We will learn about this, among other things, in the latest report on the rich from the Observatory of Inequations. According to the magazine’s 2021 rankings, the LVMH boss is worth 158 billion euros. Problems. Another equally eloquent comparison: to accumulate so much, a person would have to work for almost eleven million years for the minimum wage and save everything he earns.

Bernard Arnault is not the only super-rich man born under the sign of France. However, according to the Observatory of Inequalities, the top ten French fortunes represent roughly the cost of all housing in the five most populous provincial cities (Marseille, Lyon, Nice, Toulouse and Bordeaux), which have more than 2 million inhabitants.

Laurent Jeannot

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2/ Participation in elections: exception for France

With 52.3% abstentions, the first round of legislative elections brought French disinterest in this type of voting to an unprecedented level, which continued to grow for thirty years (30.8% abstentions in 1993).

Could this be an expression of a global trend of distrust in the political world? Reinforcing the belief that “it still doesn’t change anything”? Then we must find, one way or another, its echoes among our European neighbors. However, France stands out, where the participation rate in legislative elections is 20-25 points lower than in Germany, Italy, Spain or the United Kingdom.

What seems to raise more questions is the peculiarities of the French political regime, which puts the election of the President of the Republic at the top of the political hierarchy (during which the number of abstentions is much lower), elections in the electoral calendar than the one resulting from this deadline.

Most of our neighbors have an inverted logic, where the composition of the government depends on the composition of the Chamber of Deputies after the generally justified elections to the legislative bodies, moreover, on a proportional basis.

Systems that are no doubt also imperfect, but that bridge the gap between citizens’ opinions and their fair representation in the political system. It’s clear that you want more!

Xavier Molenat

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3/ The bar of 100 million globally displaced people has been crossed

One hundred million people are forced to leave their homes around the world. This symbolic bar has been crossed since the beginning of the year due to the war in Ukraine and other less publicized conflicts (Burkina Faso, Burma, etc.), estimates the Office of the United Nations High Commissioner for Refugees (HCR). And it was passed quickly, as at the end of 2021, the UN agency estimated the total number of internally displaced people on the planet at 89.3 million people. This global figure has been steadily rising for ten years.

Of all the people forced to leave their homes, the bulk (53.2 million) remained in the country where they were born. At the end of 2021, it was in Syria that the largest number of internally displaced persons (6.9 million), but most of the new flows last year were in East Africa, in particular in Ethiopia (2.5 million).

For women, men and children displaced by conflict and human rights violations, they numbered 36.1 million globally at the end of 2021. Of these exiles, the majority (27.1 million) are UNHCR mandated refugees or the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA).

An additional 4.6 million people are asylum-seekers, while UNHCR specifically categorizes (‘transported’) 4.4 million Venezuelan emigrants, whom it assesses under specific asylum texts in force. in Latin America, which provide better protection than the Geneva Convention, they must enjoy refugee status.

Worldwide, the vast majority of people who had to leave their country (72%) stayed nearby. Conflicts, generalized violence and massive violations of human rights are mainly concentrated in the south of the planet, so the states hosting 83% of the exiles are low- or middle-income countries.

Lebanon hosts the most refugees (mainly Syrians and Palestinians) per inhabitant. Or one for every five citizens. For France, this will mean receiving 13.5 million people.

Jan Mens

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4/ Going on vacation, privilege

By the sea, in the mountains or in the countryside… “crossover” summer may not have started yet, judging by the TV news, the holidays are already on everyone’s mind. However, like every year, many French people will not pack their bags this summer. In 2019, when the last Crédoc survey was conducted before the Covid-19 pandemic, four out of ten French people (42%) did not experience the joys of sandcastles and camping evenings.

To leave, you need to have the means. Only 37% of people with a monthly income of less than 1,200 euros left their homes in 2019, compared to 81% of those with an income of more than 2,600 euros.

Transport, accommodation, activities: Vacations are expensive, and a whole proportion of households do not have enough funds to travel due to lack of sufficient financial assistance. So vacation is a privilege? If everyone should be able to have a change of scenery, it must now be recognized that this practice remains primarily the prerogative of the upper classes: 82% of managers go on vacation compared to 47% of workers, according to the latest data. available from Crédoc which date back to 2014.

Antoine Cariou

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5/ Solidarity finance reaches new heights

Solidarity funding outstanding of €24.5 billion reached a record high at the end of 2021. This is seven times more than ten years ago, and represents an increase of 27% compared to last year, reminds 20e a barometer published by the Fair Association (Funding, Support, Impact, Association) and Cross.

Admittedly, containment measures that create forced savings partly explain this good performance. But above all, we are facing a long-term trend: contributors tend to invest in social projects.

Solidarity funding allows direct investment in solidarity projects or the mobilization of savings in financial products, part of the interest from which is transferred to associations. It also covers employee solidarity savings, which continue to grow, in particular under the Pacte law.

This still represents a minority of the total outstanding savings. But thanks to him, in 2021, around the world, 4.6 million poor people were supported, 38,758 jobs were created or supported, 1,619 people were relocated, 5,904 homes were provided with renewable electricity and 1,212 hectares of organic farming were cultivated.

Nairi Nahapetyan

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