Inequality Inc. How Corporate Power Divides our World and the Need for a New Era of Public Action
Since 2020, the richest five men in theworld have doubled their fortunes. During the same period, almost five billionpeople globally have become poorer. In this paper by
Oxfam International,Rebecca Riddell, Nabil Ahmed, Alex Maitland,
et al lay out the fundamentalchoice: between a new age of billionaire supremacy, controlled by monopolistsand financiers, or transformative public power that is founded upon equalityand dignity. Using data from
Wealth X, the authors find that the richestone percent own 43 percent of all global financial assets. They show howcorporate and monopoly power has exploded inequality – and how it exploits andmagnifies inequalities of gender and race, as well as economic inequality. Theysuggest that corporate-fuelled inequality can be reversed, also through a newera of action against monopolies, regulations to ensure decent work and a fairshare for all, premised on radically different ways of doing business.
https://oxfamilibrary.openrepository.com
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