As global movers and shakers (click here) head to the World Economic Forum in Davos, Switzerland, Oxfam is warning that an increasing wealth disparity is “leaving ordinary people voiceless and their interests uncared for.”
The collective wealth of the world’s richest 1 percent will exceed that of the other 99 percent of the global population next year, unless steps are taken to address the inequality, Oxfam warned ahead of the annual Davos meeting.
Oxfam, (click here) an anti-poverty charity, released a report titled, “Wealth: Having It All and Wanting More,” which reveals that the richest 1 percent, who had an average wealth of $2.7 million per adult in 2014, have seen their share of global wealth soar yet further, increasing from 44 percent in 2009 to 48 percent in 2014.
Winnnie Byanyima in photo on the right. Her husband, Warren Kizza Besigye Kifefe, commonly known as Kizza Besigye, is a Ugandan physician, politician and former military officer. Her spouse has attempted election to the presidency of Uganda but has yet to lead a successful campaign.
The combined wealth (click here) of the richest 1 percent will overtake
that of the other 99 percent of people next year unless the current
trend of rising inequality is checked, Oxfam warned today ahead of the
annual World Economic Forum meeting in Davos.The international agency, whose executive director Winnie Byanyima will co-chair the Davos event, warned that the explosion in inequality is holding back the fight against global poverty at a time when 1 in 9 people do not have enough to eat and more than a billion people still live on less than $1.25-a-day....
