Tuesday, January 21, 2014

OXFAM: 1% HAVE $110 TRILLION, HALF WORLD'S WEALTH

Dangerously High Inequality Reported



The planet's 85 richest people own as much as the poorest 50% of humanity--3.5 billion people.

Read more.


Click here to read or download the Oxfam briefing paper, "Working for the Few," published ahead of the annual World Economic Forum in Davos, Switzerland.

Oxfam reports:

Wealthy elites have co-opted political power to rig the rules of the economic game, undermining democracy and creating a world where the 85 richest people own the wealth of half of the world’s population…. 
Working For the Few … details the pernicious impact that widening inequality is having in both developed and developing countries, helping the richest undermine democratic processes and drive policies that promote their interests at the expense of everyone else. 

Continue reading.

Comment 
The numbers are mind-numbing. Global plutocracy is a prescription for global instability.

The Plutocrats, Sizzle Reel from Niobe Thompson on Vimeo.