As the masters of the universe (or at least planet earth) gather in Davos, here’s a curtain-raiser from Deborah Hardoon, Oxfam’s Deputy Head of Research, introducing its new report. Gotta love a data release. Every year I look forward to the release of the Credit Suisse Global Wealth databook. An immense piece of work, developed over a decade and led… Continue reading Davos is here again, so it’s time for Oxfam’s new report on prosperity and poverty, wealth and work.
Many in the global justice movement think that increasing aid to poor countries will be ineffective unless it’s accompanied by measures to tackle the causes of poverty, which include the problems of capital flight and tax evasion. In Capitalism’s Achilles Heel, Raymond Baker probably errs on the conservative side in his estimate that the flows of… Continue reading Dirty money and the role of offshore tax havens
This return to the industrial relations and tax policies of the early 19th century is bizarrely spearheaded by people who speak the language of equality, respect, participation, and transparency. None of them is in favor of “Master and Servant Act” or forced labor. It just so happened that the language of equality has been harnessed in… Continue reading Dutiful dirges of Davos
Here is where we are as a planet in 2018: after all of the wars, revolutions and international summits of the past 100 years, we live in a world where a tiny handful of incredibly wealthy individuals exercise disproportionate levels of control over the economic and political life of the global community. Difficult as it… Continue reading Take power back from the billionaires
The world’s 500 richest people have increased their wealth by $1tn (£745bn) so far this year due to a huge increase in the value of global stock markets, which are likely to finish 2017 at record highs. ... The globe’s 500 richest people, as measured by the Bloomberg billionaires index,have seen the value of the wealth… Continue reading Richest 500 see their wealth increase by $1tn
by Max Lawson, Head of Inequality Policy, Oxfam International This week saw the launch of the first ‘World Inequality Report’ written by the team at the Paris School of Economics and based on the data collected by over 100 researchers behind the World Incomes Database. The summary is very short and full of fantastic charts, well worth taking a look… Continue reading The World Inequality Report