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The evidence is clear: Trump's tax cuts are looting the US treasury to enrich the 1 percent. The choices of government leaders around the world are fueling the inequality crisis to frightening levels.
Dangerous, poorly paid work for the many is supporting extreme wealth for the few. Women are in the worst work, and almost all the super-rich are men. Governments must create a more equal society by prioritizing ordinary workers and small-scale food producers instead of the rich and powerful.
Eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity, according to a new report published by Oxfam today to mark the annual meeting of political and business leaders in Davos.
Our broken economy is widening the gap between rich and poor. It enables a small elite to accumulate vast wealth at the expense of hundreds of millions of people, often women, who are scraping a living on poverty pay and denied basic rights. Check it by the numbers and take action.
The world faces an inequality crisis that is spiralling out of control. Across the world we are seeing the gap between the richest and the rest reach extremes not seen in a century.
Runaway inequality has created a world where 62 people own as much wealth as the poorest half of the world’s population – a figure that has fallen from 388 just five years ago, according to an Oxfam report published today ahead of the annual gathering of the world’s financial and political elites in Davos.
Runaway inequality has created a world where 62 people own as much wealth as the poorest half of the world’s population combined, according to an Oxfam report published today ahead of the annual gathering of the world’s financial and political elites in Davos.
Global wealth is increasingly concentrated in the hands of a small wealthy elite. This briefing explains Oxfam’s methodology and data sources and updates key inequality statistics.