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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWorld's 85 richest people own nearly half of global wealth: Oxfam report
DAVOS: A tiny elite comprising the richest 85 individuals hold wealth equivalent to that owned by the bottom half of the world's population, a report says.
The report by worldwide development organisation Oxfam, titled 'Working For the Few', published ahead of the World Economic Forum meet in Davos, details the impact that widening inequality is having in both developed and developing nations.
"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," Oxfam claimed.
Read more at:
http://economictimes.indiatimes.com/articleshow/29110568.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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World's 85 richest people own nearly half of global wealth: Oxfam report (Original Post)
Warren Stupidity
Jan 2014
OP
The title is the title. If you object to the accuracy please send your objections to the appropriate
Warren Stupidity
Jan 2014
#4
Right. The article's headline is grossly misleading. And that makes a huge difference.
BlueStreak
Jan 2014
#6
Scuba
(53,475 posts)1. So we could double the wealth of everyone ....
If, as the Jesuits believe, the ends justify the means ...
Vattel
(9,289 posts)2. The title of your post is inaccurate.
The report says that 85 people own as much wealth as the bottom half of the world's population, not that they own half of global wealth.
Warren Stupidity
(48,181 posts)4. The title is the title. If you object to the accuracy please send your objections to the appropriate
Vattel
(9,289 posts)8. I realize you didn't make up the title. But it is sad that some idiot did.
BlueStreak
(8,377 posts)6. Right. The article's headline is grossly misleading. And that makes a huge difference.
The is more about the poor than the rich. Yes, we know there are some obscenely wealthy people on this planet and they bring no end of misery to the rest of us. But the bigger problem is that there are 3.5 BILLION people who have virtually nothing.
stuntcat
(12,022 posts)7. the "problem is that there are 3.5 BILLION people who have virtually nothing."
worth repeating. and repeating.
I'm afraid people will never realize. No one I know understands it anyway.
I'm afraid people will never realize. No one I know understands it anyway.
malaise
(268,968 posts)3. And they want more
stuntcat
(12,022 posts)5. meanwhile 40,000 people die of starvation every day
sad shame #humanity