Just teasing folks.
As in, of course it’s not a shock but another sobering report from Oxfam nonetheless
The wealthiest 1% will soon own more than the rest of the world’s population according to Oxfam whose latest research shows that the share of the world’s wealth owned by the richest 1% increased from 44% in 2009 to 48% last year.
On current trends, Oxfam says it expects the wealthiest 1% to own more than 50% of the world’s wealth by 2016.
World’s wealth less than equal carve-up
And the report is released as we head into the 2o15 World Economic Forum in Davos which this year Oxfam’s Winnie Byanyima will co-chair
At last year’s event the charity made headlines with the revelation that the 85 richest people on the planet have the same wealth as the poorest 50% (3.5 billion people), and now says that comparison had now become even more stark, with the 80 richest people having the same wealth as the poorest 50%.
The BBC carries more here with analysis by economics editor Robert Peston
Full Oxfam report here
I’m sure you will all rightly have something to say in the comments on this key issue and we invite your considered debate
