Post Tagged with: "Wealth Inequality"

One Billion Dollars Per Day—This is what the top 10 billionaires of USA have been adding to their wealth in pandemic times

One Billion Dollars Per Day—This is what the top 10 billionaires of USA have been adding to their wealth in pandemic times

In recent times several justice studies have pointed out how the wealth of top billionaires of world have increased at a very fast pace. But the latest estimate presented on January 19 by the organisation Americans for Tax Fairness has still proved shocking for many people. This estimate tells us that the wealth of top 10 US billionaires has increased[Read More…]

by 22/01/2022 0 comments World
Dominance by Billionaires Leads India’s Highway to Record Levels of Inequality

Dominance by Billionaires Leads India’s Highway to Record Levels of Inequality

  While a drift towards increasing inequality is by itself very harmful for a country which already has high levels of poverty and deprivation, this situation has been worsened further in some countries by increasing dominance of billionaires and the extremely  extra-ordinary increase of their wealth within a short time, particularly since the advent of the pandemic. At world level,[Read More…]

by 22/01/2022 0 comments India
Rapidly growing economic inequalities in India

Rapidly growing economic inequalities in India

On January 16, 2022, Oxfam, a non-profit organization, released a report on the rapidly growing economic inequalities in the world ahead of the 50th Annual Meeting of the World Economic Forum (WEF). The findings of the report on the rapidly growing economic inequalities in India show that the country’s wealth is being rapidly grabbed by billionaires and  the common man[Read More…]

by 20/01/2022 0 comments India
Oxfam report reveals malignant dependency of the pandemic on capitalist inequality

Oxfam report reveals malignant dependency of the pandemic on capitalist inequality

This week, Oxfam published a major report in advance of the annual World Economic Forum Davos Agenda. Coming as society enters the third year of the pandemic, the Oxfam briefing expresses an undeniable reality: the COVID-19 pandemic is a malignant byproduct of a society that is deeply ill with the disease of social inequality. Entitled “Inequality Kills,” the Oxfam report[Read More…]

by 19/01/2022 0 comments World
Arise, Pandemic Profiteers

Arise, Pandemic Profiteers

History’s annals are filled with war profiteers and hustlers for the opportunistic return.  They come in the form of hoarders, arms manufacturers and wily business folk making a steal on slaughter and mayhem.  But the other conflict – that of battling a pandemic – has also shown that profits exist for those willing to exploit the crisis. With the global[Read More…]

by 19/01/2022 0 comments World
Oxfam report highlights widening pandemic inequality in Asia

Oxfam report highlights widening pandemic inequality in Asia

A report issued by the British-based international aid agency Oxfam last week has highlighted the rapid escalation of economic and social inequality in the Asia-Pacific region during the COVID-19 pandemic, documenting how a handful of the ultra-wealthy have directly benefited from the suffering of millions. The investigation found that 20 new “pandemic billionaires” had been created over the past two[Read More…]

by 18/01/2022 0 comments World
Oxfam report “Inequality Kills”: Billionaires racked up wealth while millions died during the pandemic

Oxfam report “Inequality Kills”: Billionaires racked up wealth while millions died during the pandemic

The global charity Oxfam released a briefing on Monday entitled “Inequality Kills” in advance of the World Economic Forum State of the World conference being held virtually January 17-21. In focusing on the COVID-19 pandemic, the document paints a devastating picture of the world capitalist order. It shows that the unprecedented accumulation of wealth by the world’s billionaire elite is[Read More…]

by 18/01/2022 0 comments World
Billionaires increased wealth by $3.6 trillion in 2020, as millions died from global pandemic

Billionaires increased wealth by $3.6 trillion in 2020, as millions died from global pandemic

The World Inequality Report 2022, released by the global research initiative World Inequality Lab, found that the COVID-19 pandemic has widened the financial gap between the rich and poor to a degree not seen since the rosy days of world imperialism at the turn of the 20th century. The world’s billionaires enjoyed the steepest increase in their share of wealth[Read More…]

by 09/12/2021 Comments are Disabled World
World Inequality Report presents a damning indictment of the development path and priorities of India

World Inequality Report presents a damning indictment of the development path and priorities of India

The World Inequality Report (WIR) is widely regarded as a highly credible and comprehensive report on the extent of inequalities in world. The latest WIR for year 2022 has been released very recently and this presents a damning indictment of the very high level of inequalities in India. As presented in WIR, the levels of wealth and income inequalities in[Read More…]

by 09/12/2021 Comments are Disabled India
World’s Richest Now Own 11% Of Global Wealth – The Biggest Leap In Recent History, Says Report

World’s Richest Now Own 11% Of Global Wealth – The Biggest Leap In Recent History, Says Report

The world’s richest people got a whole lot richer during the COVID-19 crisis. In 2021, billionaires saw the steepest increase in their share of wealth on record, according to The World Inequality Lab’s annual World Inequality Report. The top 0.01% richest individuals — the 520,000 people who have at least $19 million — now hold 11% of the world’s wealth, up[Read More…]

by 08/12/2021 Comments are Disabled World
The United States After Trump

The United States After Trump

After four nightmarish years, the presidency of Donald Trump came to an end in January. Over 81 million people voted for Joe Biden over Trump, the largest vote total for any presidential candidate in the country’s history. Many of those votes for Biden were the result of the extraordinary efforts of grassroots organizers who rallied people to the importance of[Read More…]

by 10/04/2021 Comments are Disabled World
Ye Are Many, They Are Few!

Ye Are Many, They Are Few!

A new freely downloadable book I would like to announce the publication of a new book, which discusses the question of how oligarchs maintain their grasp on an excessive share of wealth and power when, as Shelley pointed out, the have-nots are many, while the power-holders are few. http://eacpe.org/app/wp-content/uploads/2020/10/Ye-are-Many-They-are-Few-by-John-Scales-Avery.pdf The Peterloo Massacre Rise, like lions after slumber In unvanquishable number![Read More…]

by 14/10/2020 Comments are Disabled Book Review
When Will We Have Equitable Access To Fruits Of Development?

When Will We Have Equitable Access To Fruits Of Development?

Co-Written by Sandeep Pandey and Kushagra Kumar One of the writers of this article is reminded of an incident, when he was teaching at Indian Institute of Technology, Gandhinagar which was then functioning from a campus in Chandkheda in Ahmedabad. On 16 December, 2011, a dog picked up a 2 months old boy child Akash who was lying on ground[Read More…]

by 03/07/2020 Comments are Disabled India
A Billion Dollars Isn’t What It Used To Be

A Billion Dollars Isn’t What It Used To Be

One of the metrics of success in a mature capitalist economy is the number of billionaires present in its ranks. This term, billionaire, is the defining adjective of our time. Billionaire hedge fund manager, billionaire real estate developer, billionaire media mogul, billionaire investor, billionaire tech innovator. Where does it go from here? Asked and answered. Quoting from Credit Suisse’s 2013[Read More…]

by 05/05/2017 1 comment World
Worsening Inequalities: The Courage To Face The Challenge

Worsening Inequalities: The Courage To Face The Challenge

It is not surprising that the Davos Forum held in the middle of January 2017 chose not to examine the obscene, grotesque, ever widening economic inequalities in the world brought to its attention  by Oxfam, the global aid and development confederation. Oxfam revealed on the 15th of January that “the richest eight tycoons on the planet are worth as much[Read More…]

by 29/01/2017 1 comment World