Milosia2 wrote:
Ok here it is but it’s already 3 years old so it’s probably even worse now
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This article is more than 3 years old
World's eight richest people have same wealth as poorest 50%
This article is more than 3 years old
A new report by Oxfam warns of the growing and dangerous concentration of wealth
Larry Elliott Economics editor
Sun 15 Jan 2017 19.01 EST Last modified on Thu 6 Sep 2018 04.58 EDT
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Indian migrant daily wage workers bath at a public well
The world’s eight richest billionaires control the same wealth between them as the poorest half of the globe’s population, according to a charity warning of an ever-increasing and dangerous concentration of wealth.
In a report published to coincide with the start of the week-long World Economic Forum in Davos, Switzerland, Oxfam said it was “beyond grotesque” that a handful of rich men headed by the Microsoft founder Bill Gates are worth $426bn (£350bn), equivalent to the wealth of 3.6 billion people.
The development charity called for a new economic model to reverse an ine******y trend that it said helped to explain Brexit and Donald Trump’s victory in the US p**********l e******n.
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Oxfam blamed rising ine******y on aggressive wage restraint, tax dodging and the squeezing of producers by companies, adding that businesses were too focused on delivering ever-higher returns to wealthy owners and top executives.
The World Economic Forum (WEF) said last week that rising ine******y and social polarisation posed two of the biggest risks to the global economy in 2017 and could result in the rolling back of globalisation.