World's 85 richest people own nearly half of global wealth: Oxfam report

[Warren Stupidity]

DAVOS: A tiny elite comprising the richest 85 individuals hold wealth equivalent to that owned by the bottom half of the world's population, a report says.

The report by worldwide development organisation Oxfam, titled 'Working For the Few', published ahead of the World Economic Forum meet in Davos, details the impact that widening inequality is having in both developed and developing nations.

"Wealthy elites have co-opted political power to rig the rules of the economic game undermining democracy and creating a world where the 85 richest people own the wealth of half of the world's population," Oxfam claimed.

Read more at:
http://economictimes.indiatimes.com/articleshow/29110568.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

[Scuba]

1. So we could double the wealth of everyone ....

If, as the Jesuits believe, the ends justify the means ...

[Vattel]

2. The title of your post is inaccurate.

The report says that 85 people own as much wealth as the bottom half of the world's population, not that they own half of global wealth.

[Warren Stupidity]

4. The title is the title. If you object to the accuracy please send your objections to the appropriate

[Vattel]

8. I realize you didn't make up the title. But it is sad that some idiot did.

[BlueStreak]

6. Right. The article's headline is grossly misleading. And that makes a huge difference.

The is more about the poor than the rich. Yes, we know there are some obscenely wealthy people on this planet and they bring no end of misery to the rest of us. But the bigger problem is that there are 3.5 BILLION people who have virtually nothing.

[stuntcat]

7. the "problem is that there are 3.5 BILLION people who have virtually nothing."

worth repeating. and repeating.
I'm afraid people will never realize. No one I know understands it anyway.

[malaise]

3. And they want more

[stuntcat]

5. meanwhile 40,000 people die of starvation every day

sad shame #humanity