Rising inequality could set the fight against poverty back by decades, Oxfam warned today as it published a new report showing that the number of billionaires worldwide has more than doubled since the financial crisis.
Extreme inequality is hurting us all. Its damages economic growth, threatens decades of progress toward ending poverty and contributes to the death of one person every four seconds. Such stark inequality is not inevitable – it is the consequence of political and economic choices. And it can be reversed.