Inequality and the World Economic Forum

The world’s rulers are getting together at their biggest bash of the year, the World Economic Forum. Prime ministers and other high government officials will also be in attendance. The theme for this year’s Forum, which began on January 20 at its usual home in Davos, Switzerland, is said to be “Mastering the Fourth Industrial […]

Just 62 People Have The Same Wealth As Half The World’s Population

 Just 62 individuals together hold the same amount of wealth as the world’s poorest 3.5 billion people combines, according to a new report from Oxfam. With $1.76 trillion, 62 people held more wealth than half the world’s population combined in 2015; that number was 388 people in 2010. The concentration of wealth among those 62 individuals—smaller than the […]

Richest 1% Now Wealthier Than the Rest of the World, Oxfam Says

The richest 1 percent is now wealthier than the rest of humanity combined, according to Oxfam, which called on governments to intensify efforts to reduce such inequality. In a report published on the eve of the World Economic Forum’s annual meeting in Davos, Switzerland, the anti-poverty charity cited data from Credit Suisse Group AG in […]