Oxfam's report, ‘An economy for the 99 percent’, published to mark the World Economic Forum’s annual meeting of political and business leaders in Davos, Switzerland, shows that the gap between rich and poor is far greater than had been feared. Just 8 men own the same wealth as the 3.6 billion people who make up the poorest half of humanity.
It details how big business and the super-rich are fuelling the inequality crisis by driving down wages, using their power to influence politics, and dodging taxes. It calls for a fundamental change in the way we manage our economies so that they work for all people, and not just a fortunate few. It calls for a human economy where women are no longer rewarded with poverty wages, unequal pay, and a disproportionate responsibility for unpaid care work.