Oxfam’s latest global inequality report shows how growing global inequality is a direct threat to our democratic rights, writes Jacob Andrewartha.
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Even before Donald Trump got the North Atlantic Treaty Organisation to agree to raise military spending, Oxfam said that less than 3% of the richest seven countries’ annual military spending, about US$1.5 trillion, could totally eradicate world hunger. Peter Boyle reports.
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Mirroring the dynamics of colonial-era plunder, international trade involves a systematic transfer of wealth and labour from the Global South to the Global North. Ben Radford reports.
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Despite their ballooning wealth, the corporate rich are using their power to demand more tax breaks and protect their industrial-scale tax dodging. Peter Boyle reports.
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Oxfam's annual report on global inequality is a damning indictment of the chronically inequitable capitalist system, argues Peter Boyle.
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Hunger has doubled in the world's 10 worst climate hotspots, worsened by profiteering on cereal markets by huge agriculture corporations. Peter Boyle reports.
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Since the pandemic began a new billionaire has been created every 26 hours, according to Oxfam. Jessie de Waal reports.
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Consumption by the world’s richest is generating the lion's share of global greenhouse gas emissions, a new report states. Peter Boyle argues that the future is literally toast if profit-driven corporations and the world’s rich remain in power.
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The Occupy movement, which started as a protest against Wall Street, but ballooned across the US and internationally in 2011, adopted the slogan “We are the 99%” to symbolise the struggle for a better world against the greed of “the 1%”. Some people at the time thought it was an exaggeration to talk about the 1% versus the 99%, but according to Oxfam, since 2015, that richest 1% has owned more wealth than the rest of the planet combined.
