PHM-Exch> Working for the Few: Political capture and economic inequality - OXFAM

[Claudio Schuftan]

Working for the Few: Political capture and economic
inequality<http://www.worldwewant2015.org/node/419884>
<http://www.worldwewant2015.org/user/35175>

Report from OxFam (Ricardo Fuentes-Nieva, Head of Research, Oxfam GB;
Nicholas Galasso, Research and Policy Advisor, Oxfam America)

Almost half of the world’s wealth is now owned by just one percent of the
population, and seven out of ten people live in countries where economic
inequality has increased in the last 30 years. The World Economic Forum has
identified economic inequality as a major risk to human progress, impacting
social stability within countries and threatening security on a glo! bal
scale.

This massive concentration of economic resources in the hands of fewer
people presents a real threat to inclusive political and economic systems,
and compounds other inequalities – such as those between women and men.
Left unchecked, political institutions are undermined and governments
overwhelmingly serve the interests of economic elites – to the detriment of
ordinary people.

In this paper, Oxfam shows how extreme inequality is not inevitable, with
examples of policies from around the world which have reduced inequality
and developed more representative politics, benefiting all, both rich and
poor. Oxfam calls on leaders at the 2014 World Economic Forum at Davos to
make the commitments needed to counter the growing tide of inequality.

Full report here:
http://www.oxfam.org/en/policy/working-for-the-few-economic-inequality
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