Global wealth has become increasingly concentrated, according to one alarming report released by Oxfam. Published in January 2017, it reveals that just 8 billionaires control the same amount of wealth between them as 50% of the world’s poorest population. Of the $255 trillion total global wealth, more than half of this wealth ($426bn in US dollars) has been in the hands of the richest 1% since 2015.
Entitled, “An Economy for the 99%: It’s time to build a human economy that benefits everyone, not just the privileged few”, author Deborah Hardoon shares the following information:
- The causes of inequality, statistics, and details on “how we got here”;
- The false assumptions driving the economy of the 1%;
- How to build the alternative: A human economy designed for the 99%.
To learn more about this report, check out this Guardian article or download the full report here and the summary report here.
Oxfan. (2017). An Economy for the 99%: It’s time to build a human economy that benefits everyone, not just the privileged few. Retrieved from http://policy-practice.oxfam.org.uk/
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