Oxfam Report Finds 8 Richest Men Own as Much as Half the World
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FEATURING GAWAIN KRIPKE – As global corporate elites and heads of state gather for their annual celebration of capitalism in the ski resort of Davos, Switzerland, Oxfam has released a new report on wealth inequality. The report, entitled, An Economy for the 99%, finds that, “large corporations and the super-rich are driving the inequality crisis.”
One fact that jumps out is that “[e]ight men now own the same amount of wealth as the poorest half of the world.” Among them some familiar names such as Warren Buffet, Mark Zuckerberg, and Bill Gates.”
To read the full report visit www.oxfam.org.
Gawain Kripke, director of policy and research at Oxfam America.