An Economy for the 1% - How privilege and power in the economy drive extreme inequality and how this can be stopped
Author:
Topic: Poverty issues
Publisher: Oxfam
Location: United States
Format: Brief
Content Type: Research
Publication Date: January 18, 2016
Topic: Poverty issues
Publisher: Oxfam
Location: United States
Format: Brief
Content Type: Research
Publication Date: January 18, 2016
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 the world put together.1 This occurred a year earlier than Oxfam’s much publicized prediction ahead of last year’s World Economic Forum. Meanwhile, the 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. ‘An Economy for the 1%’ 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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