The Debate – 1% (Greater than) 99%
PressTV on Jan 19, 2016
The financial inequality across the globe has reached new extremes. The international charity -Oxfam- in its latest report “An Economy for the 1%” has a shocking revelation: “Runaway inequality has created a world where 62 people own as much wealth as the poorest half of the world’s population.” Imagine that. Only five years earlier it took 388 of the world’s richest to reach that mark. Extreme inequality: that is the topic for this edition of the debate.
The 1% Economy: The World’s Richest 62 People Now Have as Much as Poorest 3.6 Billion
Democracy Now! on Jan 21, 2016
http://democracynow.org – A new report from Oxfam on global inequality finds the world’s richest 62 billionaires now own as much wealth as half the world. The wealth of the poorest half—3.6 billion people—has fallen by $1 trillion since 2010. At the same time, the wealth of the world’s richest 62 people has increased by more than half a trillion dollars. Oxfam faults a global financial system that has “supercharged the age-old ability of the rich and powerful to use their position to further concentrate their wealth.” The report singles out deregulation, privatization and offshore tax havens that have let trillions of dollars go untaxed. The Oxfam report is timed to coincide with the meeting of global elites at the World Economic Forum in Davos, Switzerland. We are joined by Raymond Offenheiser, president of Oxfam America.
Part 2: Oxfam Says Privatization, Tax Havens Drive Global Inequality to Staggering Levels (video and transcript)
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