Economic inequality in India has widened, with the richest 1 percent of the country owning 22 percent of the total national income, while the top 10 percent own 57 percent of the national income. Half of the population of our country is earning only 13.1 percent. It is more necessary to discuss the situation of poverty and lack of resources[Read More…]
A few weeks ago, the world’s power brokers — politicians, CEOs, millionaires, billionaires — met in Davos, the mountainous Swiss resort town, for the 2023 World Economic Forum. In an annual ritual that reads ever more like Orwellian farce, the global elite gathered — their private jets lined up like gleaming sardines at a nearby private airport — to discuss the[Read More…]
On the 26th of January, 2023, India reminded herself, yet again, that she is a Republic. As the winter sun rose in the east and gently waded across the smoggy skies of the National Capital Region, yet again, we witnessed shows of patriotism and love that we shower on ourselves in the form of tableaus and speeches. What remained understated,[Read More…]
The terrible reality of the widening gap between the rich and the poor has been presented by the famous organization ‘Oxfam’ in its report. However, now a situation like ‘Survival of the Richest’ has arisen in India. The rich are getting richer while poverty is increasing day by day. Only 21 billionaires in the country have more wealth than 70[Read More…]
How the Super Rich Owns Twice of the Rest of the World Put Together The richest 1% of the world now owns nearly twice as much wealth as the rest of the world put together, finds Survival of the Richest, an Oxfam International (OI) study released on the first day of the World Economic Forum (WEF), January 16, 2023, being[Read More…]
Oxfam India’s just released report ‘Survival of the Richest: The India Story’ has made a strong case for taxing the richest sections to find the resources for substantially stepping up funds for social sector, particularly health and education. Released close to the coming union budget, this report is expected to pitch the budget debate strongly in favor of reducing inequalities.[Read More…]
The rich are having good days as they always have. Even the pandemic could not brake their stockpiling of wealth. The super-rich outstrip their extraordinary grab of half of all new wealth in past decade. The richest 1% of the world bag nearly twice as much wealth as the rest of the world put together over the past two years, finds[Read More…]
As a new analysis revealed that the global ranks of the superrich soared to a record number, a coalition of charity groups said Tuesday that hundreds of millions of people around the world are hungry—and that someone starves to death every four seconds. At least 238 international and local charities from 75 countries signed an open letter noting that “a staggering 345 million[Read More…]
The USA is without doubt the most powerful country in the world. It was endowed with an exceptionally plentiful natural resource base. Despite this the bottom half of the population of the USA has been facing increasing difficulties in meeting its basic needs. One of the most important reasons for this relates to increase of inequalities. The USA poverty level[Read More…]
Govt raising burden on a large section of people, while easing taxes on super-rich On June 10, 2008, the International Labour Organization (ILO) adopted the ILO Declaration on Social Justice for a Fair Globalization. On November 26, 2007, the UN General Assembly declared that 20th February will be celebrated every year as the World Day of Social Justice, also known[Read More…]
by Bharat Dogra and Kumar Gautam An issue of increasing worldwide concern is that more people have been pushed into poverty and deprivation in COVID times, negating years of progress and promise. In this context, the need for equality-led economic recovery is being increasingly emphasized and engaging a lot of attention of economists and policy-makers. This need is even more[Read More…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]
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…]
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Terracidal But Ignored Carbon Debt From Gas Exploitation By The World & Climate Criminal Australia 
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A Climate of Betrayal 
Our beloved K.P.Sasi is no more. Filmmaker, cartoonist, writer, mentor, friend and above all tireless activist championing the cause of every underdog, Sasi breathed his last, mid-afternoon this Christmas day – after battling a medical condition for months. I remember the last time I met him, almost exactly a month before he passed away, at the ayurvedic healing center in[Read More…]
