Winner takes all
January 21, 2014 8:32 AM Subscribe
The 85 richest people around the globe equals the assets held by half of the world's population. Ahead of this year's Davos World Economic Forum (and the premier of Rich Kids of Beverly Hills), Oxfam released a report on inequality.
“It is staggering that in the 21st Century, half of the world’s population own no more than a tiny elite whose numbers could all sit comfortably in a single train carriage,” said Winnie Byanyima, Oxfam’s executive director, who will be at the Davos gathering.Inequality is often cited by scholars, historians, etc.. as a major cause of the vast majority of problems in human society. New York Magazine takes it further: Here's What Oxfam Should Have Told the Billionaires of Davos. Or watch the film Inequality For All.
“In developed and developing countries alike, we are increasingly living in a world where the lowest tax rates, the best health and education and the opportunity to influence are being given not just to the rich but also to their children.
“Without a concerted effort to tackle inequality, the cascade of privilege and of disadvantage will continue down the generations. We will soon live in a world where equality of opportunity is just a dream. In too many countries economic growth already amounts to little more than a ‘winner takes all’ windfall for the richest.”
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