Ben Hirschler and Noah Barkin, “A world divided: Elites descend on Swiss Alps amid rising inequality,” Reuters, January 18, 2016, http://www.reuters.com/article/us-davos-meeting-divisions-idUSKCN0UW007
Politicians and business leaders gathering in the Swiss Alps this week face an increasingly divided world, with the poor falling further behind the super-rich and political fissures in the United States, Europe and the Middle East running deeper than at any time in decades.
Just 62 people, 53 of them men, own as much wealth as the poorest half of the entire world population and the richest 1 percent own more than the other 99 percent put together, anti-poverty charity Oxfam said on Monday…
…Last year, the organisation has calculated, 62 individuals had the same wealth as 3.5 billion people, or the bottom half of humanity. The wealth of those 62 people has risen 44 percent, or more than half a trillion dollars, over the past five years, while the wealth of the bottom half has fallen by over a trillion.
"Far from trickling down, income and wealth are instead being sucked upwards at an alarming rate," the report says.