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Global 1% Own 43% of Financial Assets

By Ben Norton / Geopolitical Economy Report The world’s richest 1% own 43% of global financial assets, and the wealth of the top five billionaires has doubled since 2020, while 60% of humanity – nearly 5 billion people – collectively got poorer, according to a report by Oxfam, a leading international humanitarian organization. Oxfam published the […]

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Super-Rich 1% Match Carbon Emissions of the Poorest 5 Billion People, Oxfam Report Reveals

Climate demonstration station at Mynttorget in Stockholm on September 22, 2023. Organized by Fridays For Future Stockholm, Week of Action for Social and Climate Justice and Fridays For Future Sweden. Frankie Fouganthin, CC BY-SA 4.0 https://creativecommons.org/licenses/by-sa/4.0, via Wikimedia Commons By Diego Ramos / SP Staff A new report from Oxfam International reveals alarming disparities in […]