Episode 135: The Rich Get Richer


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OXFAM REPORT REVEALS SHOCKING INCOME INEQUALITY

Earlier this month, the UK charity Oxfam released its report on global income inequality (‘Working for the Few’), just in time for the World Economic Forum in Davos, Switzerland. The paper detailed some shocking realities concerning the widening gap between rich and poor – notably, the fact that the richest 85 people on the planet possess the same wealth as the poorest 3.5 billion.

The public response to the paper has been overwhelmingly one of outrage, continuing the concerns about extreme disparity initiated by the Occupy movement. However, according to one pundit, the news coming from Oxfam is nothing short of ‘fantastic’. In this episode of Smells Like Human Spirit, Guy Evans examines the pathology of the ‘super-rich’, and makes his case for why current global economic conditions are anything but ‘fantastic’.

FURTHER READING

Farrell, P.B. (2014). Davos billionaires: Oblivious to the coming revolution. MarketWatch.com. 27 January 2014.

Thompson, M. (2014). World’s 85 richest own as much as poorest 50%. CNN.com. 21 January 2014.

Oxfam International (2014). Working for the Few: Political capture and economic inequality. 20 January 2014.

RT News (2013). World’s 100 richest earned enough in 2012 to end global poverty 4 times over. 20 January 2013.

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