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44
pages
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English
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Documents
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2017
Description
210 OXFAM BRIEFING PAPER Tondo slum in Manila, Philippines, 2014. Photo: Dewald Brand, Miran for Oxfam 18 JANUARY 2016 AN ECONOMY FOR THE 1% Howprivilege andpower in the economydrive extreme inequality and how this can be stopped 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 $7.6 trillion. The fight against poverty will not be won until the inequality crisis is tackled. www.oxfam.org SUMMARY AN ECONOMY FOR THE 1% The gap between rich and poor is reaching new extremes. Credit Suisse recently revealed that the richest 1% have now accumulated more wealth than the rest of 1 the world put together.This occurred a year earlier than2[IDP¶V PXFK publicized prediction aheaG RI ODVW \HDU¶V :RUOG (FRQRPLF )RUXP 0HDQZKLOH WKH wealth owned by the bottom half of humanity has fallen by a trillion dollars in the past five years. This is just the latest evidence that today we live in a world with levels of inequality we may not have seen for over a century. µ$Q (FRQRP\ IRU WKH ¶looks at how this has happened, and why, as well as setting out shocking new evidence of an inequality crisis that is out of control.
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Publié par
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Publié le
16 janvier 2017
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Langue
English