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 got poorer, according to a report by Oxfam, published to coincide with the World Economic Forum meeting of capitalist oligarchs and Western government officials in Davos, Switzerland. Ben Norton analyzes the findings.
Links and sources here: https://geopoliticaleconomy.com/2024/01/18/billionaires-richest-doubled-wealth-poorer-oxfam
Check out our related video “Global debt is unpayable: How Wall Street traps poor countries, profiting rich ones”: https://youtube.com/watch?v=WRkhWQ0sRn4
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