Home > Uncategorized > The 1% Curse: What can be done about it? – Oxfam graphics

The 1% Curse: What can be done about it? – Oxfam graphics

from Edward Fullbrook

The global inequality crisis is reaching new extremes. The richest 1% now have more wealth than the rest of the world combined. Power and privilege is being used to skew the economic system to increase the gap between the richest and the rest. A global network of tax havens further enables the richest individuals to hide $7.6 trillion. The fight against poverty will not be won until the inequality crisis is tackled.
An Economy for the 1%, Oxfam Briefing Paper, 18 January 2016

62 richest vs. poorest 50 percent 2000-15

Labour income as share of GDP in different income level countries

 

the finance curse

1 vs 99 percent 2010-15

 

number of people whose wealth equals half world population

  1. January 20, 2016 at 4:17 am

    I’ll quote a long-time friend who has worked at Bank of America for almost 30 years. Boyhood friends we disagree strongly on the topic of this posting. His comment on reading the Oxfam report: These guys (Oxfam) don’t seem to understand that the more rich people in the world the better off we all are in the long term. My comment back, “You mean in the long-term cited by Keynes?”

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