Billionaires' fortunes hinder fight against poverty, says Oxfam

From Global development | The Guardian Sat Jan 19 2013, 02:01:47

Charity says $240bn amassed by 100 richest people last year would be enough to end extreme poverty four times over

The vast fortunes made by the world's richest 100 billionaires is driving up inequality and hindering the world's ability to tackle poverty, according to Oxfam.

The charity said the accumulation of wealth and income on an unprecedented scale, often at the expense of secure jobs and decent wages for the poorest, undermined the ability of people who survive on aid or low wages to improve their situation and escape poverty.

Oxfam said the world's poorest could be lifted out of poverty several times over should the richest 100 billionaires give away the money they made last year.

[view whole blog post ]
 See More    |     Report Abuse

People and Organizations:


You might also be interested in the following news stories:

Algeria:   Soldiers Killed in Mountain Ambush (news)
Deutsche Welle
20 April 2014

In the deadliest attack in years, 11 Algerian soldiers have been killed while returning from a mountain patrol. The attack follows last week's presidential poll. [read more]

Malawi:   Motorcycles Join Fight Against HIV - Report (news)
AlertNet
18 April 2014

A leading U.S. medical charity plans to partner with Riders for Health to speed up transportation of their HIV laboratory samples and deliver test results faster, a media report said. [read more]

Nigeria:   Gunmen Kill Five-Year-Old in School Attack (news)
Daily Trust
20 April 2014

Police in Bauchi State said suspected gunmen set ablaze some houses in the staff quarters of Government Girls Secondary School (GGSS), Yana, killing a five-year old girl on Sunday. [read more]



blogAfrica is allAfrica.com's platform to help you keep an ear on the African blogosphere. We draw diverse voices from around the world who post regularly and insightfully about African issues. Bloggers, submit your blog's rss-feed!