Inequality

Can the Davos Rich Do More than Talk?

Back in 2010, as the global charity Oxfam reminds us in a new report released on the eve of Davos 2016, the world’s 388 richest billionaires had a combined fortune that equaled the net worth of the poorest half of the world’s population.
But last year just 62 top billionaires had enough net worth to match the wealth of humanity’s poorest half. That bottom half totals some 3.6 billion people.
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Destructive Austerity

With Gross Domestic Product (GDP) at US $ 2.94 trillion (2014), the UK has the fifth largest economy in the world after Germany and Japan. It also suffers from acute income and wealth inequality and, according to Oxfam, who know all about poverty, “one in five [or 20%] of the population live below our official poverty line, meaning that they experience life as a daily struggle.”

Global One Percent Celebrate at the Bohemian Grove

July 18th 2015 was the first day of this year’s summer camp for the world’s business and political aristocracy and their invited guests. 2,000 to 3,000 men, mostly from the wealthiest global one percent, gather at Bohemian Grove, 70 miles north of San Francisco in California’s Sonoma County—to sit around the campfire and chew the fat—off-the-record—with ex-presidents, corporate leaders and global financiers.