Are rich people psychopaths?
Some years back, I went to visit a friend of mine from college who was staying with a very rich author whilst completing an internship in London. He lived in a massive house in Battersea, a rich area next to the river Thames. Looking round…
AS HUNGER SURGES, HERE ARE THREE WAYS INDIA CAN TACKLE ITS MASSIVE INEQUALITY
In our latest blog for Davos 2023, Amitabh Behar introduces the India supplement to Oxfam’s Davos report, which reveals how just 5% of Indians own more than 60% of the country’s wealth, while the bottom half of the population have 3% In the past three years the…
WELCOME TO THE ERA OF ‘GREEDFLATION’
Corporations that dominate food and fuel markets have been using the war and pandemic as a smokescreen to bump up their prices much more than their costs. Oxfam’s Alex Maitland explains how increased corporate profits have driven at least half of inflation. Open an economics…
THE SUPER-RICH PAY LOWER TAXES THAN YOU – AND HERE’S HOW THEY DO IT…
How do the wealthy get away with paying a lower percentage of their income and wealth in taxes than ordinary people? A big part of the answer is that many of their fortune streams – from dividends to inheritance – are chronically undertaxed, says Chiara…
WHETHER IN ASIA, AFRICA OR NORTH AMERICA, IT’S BEEN A PROFITABLE POLYCRISIS FOR BILLIONAIRES
Around the world it seems the pandemic and surging food and fuel prices have actually boosted the wealth of the super-rich, even as they pushed hundreds of millions of ordinary people into misery and penury, says Anthony Kamande in our second blog for Davos 2023….
TAXATION OF THE SUPER-RICH HAS COLLAPSED: AS ONE IN EIGHT PEOPLE GO TO BED HUNGRY, THAT SIMPLY HAS TO CHANGE
When even millionaires are pleading to be taxed so governments can tackle our colliding global crises, we can see there’s something rotten in the state of economic policy. Max Lawson introduces Oxfam’s 2023 Davos report, ‘Survival of the Richest: How we must tax the super-rich now…
“AN INCREDIBLE EXPLOSION OF INEQUALITY” – with Renowned Economist, Branko Milanovic
By Elizabeth Njambi We are witnessing a COVID-19 driven explosion in inequality. This week, Oxfam released its annual report, Inequality Kills, showing that the pandemic is killing at least 1 person every 4 seconds, while the ten richest men have doubled their fortunes during this…
Beating back the Billionaire Variant
By Anthony Kamande In the informal settlement area of Kawangware in Nairobi, my friend Joe, a nurse, is quarantining in his small room after getting COVID-19 for the second time. He’s less concerned about the virus than his finances, which have deteriorated severely in the…
The Role of Aid in Reparations for the Harm of Colonialism
By Tariq Ahmad, Sara Duvisac and Keny Navarrete Viewing aid and development finance in light of the calls for reparations deserves serious (and long-overdue) consideration. Aid as a part of reparatory justice would not only change the reasons for ‘why’ traditional northern donors provide aid…
The Inequality Epidemic in Brazil
By Jefferson Nascimento When the covid-19 pandemic hit Brazil, it resulted in a social, economic and sanitary crisis as the country was vulnerable in different dimensions, a scenario that has been worsening since 2015 and interrupted the trend of income inequality reduction (since early 2000s)….