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:

Libya:   Court Sentences Gaddafi's Son, Seven Others to Death (news)
Reuters Media Express
28 July 2015

A Libyan court passed a death sentence in absentia on Muammar Gaddafi's most prominent son, Saif al-Islam, on Tuesday for war crimes and acts to crush peaceful protests during the country's 2011 ... [read more]

South Sudan:   Obama Pushes for End to South Sudan Conflict (news)
Deutsche Welle
28 July 2015

The US President has appealed to East African regional leaders to strive to end the South Sudan conflict. He also praised host country Ethiopia's fight against militants in Somalia, but challenged it ... [read more]

Ethiopia:   PM to Step Up Fight Against Terror After Obama Talks (news)
Deutsche Welle
27 July 2015

US President Barack Obama has begun talks with Ethiopia's leaders on regional security issues. But he also touched on democracy and political rights in face of the country's poor record on this score. [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!


Today's Featured News
Mozambique Ruling Party Faces Tough Contest

Renamo supporters: Ruling Frelimo faces a stern challenge at Wednesday's polls from...

Surge in Central African Republic Violence

African Union troops in Bangui (file photo): The UN has expressed alarm...

Nigeria, Cameroon, Ghana Get Crucial Wins

Asamoah Gyan of Ghana (file photo): The Super Eagles have boosted their...