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…
Carbon Billionaires
By Max Lawson The growing anger at the carbon emissions of the super-rich The carbon emissions of the luxury consumption of the super-rich are gaining more and more coverage and rightly making a lot of people very angry. This week saw protests at the giant…
Advertising, Inequality and the Madness of Capitalism
By Max Lawson Bullshit jobs When I was out walking my dog Marx earlier in the week, I got talking to another dog walker. I recognized her as she is always out with her dog, but generally talking quite loudly on her phone so we…
Is science a public service, and are scientists public servants?
By Max Lawson Sometimes Davos has a way of creating moments of great theatre; where the elites who run the world can be in some ways held to account, or at least called out. On a panel this week at Davos, my boss, Gabriela Bucher…
Profiting from Pain
By Max Lawson We are living through extraordinary times. Extraordinarily bad for the vast majority of humanity. Extraordinarily good if you are one of the richest people in the world. Normally they meet in January at Davos, but that face-to-face meeting was postponed, due to…