- Oxfam condemns “private finance takeover” of development efforts, as over 3.7 billion people remain in poverty ten years after the Sustainable Development Goals were agreed.
- New Oxfam analysis unveils “astronomical rise in private wealth”. Between 1995 and 2023, global private wealth grew by $342 trillion – 8 times more than public wealth.
- Oxfam analysis also shows governments are making the largest cuts to life-saving aid since aid records began. Aid cuts could cause 2.9 million more children and adults to die by 2030, from HIV/AIDS causes alone.
- Results of a new global survey show 9 out of 10 people support paying for public services and climate action through taxing the super-rich.
- Oxfam urges new strategic alliances to address inequality; urgently revitalize aid and tax the super-rich; and assert new “public-first” approach over private finance.
A reminder that at our level of technological development poverty is a social construct. Whether it’s deliberate or emergent, we can change this at any time.
Anyone with that much wealth should be charged with and found guilty of murder.
Hoarding wealth to the extent that the 1% does show a depraved disregard to the value of human life such that millions of people are needlessly suffering and dying from poverty.
Unfortunately, having so much wealth means they can buy the people who decide who gets charged.