Not surprisingly, the gap between the rich and poor continues to grow. Almost exactly one year ago, Oxfam released a report which stated that 62 people owned as much wealth as the bottom poorest half of the world's population. Now in alignment with the World Economic Forum in Davos, where the world's economic and corporate elite have met each year in Switzerland since 1971, Oxfam has released a report that indicates that the eight richest men now own as much monetary wealth as half the world.
The numbers were updated in light of the Forbes rich list of March 2016, however given that this list fails to recognize some of the greatest monetary hoarders of all time, including oligarchical families such as the Rothschilds, this gap is worse than most people dare to imagine.
In any case, the report titled An Economy for the 99% - It's time to build a human economy that benefits everyone, not just the privileged few, states that:
“the gap between rich and poor is far greater than had been feared. It details how big business and the super-rich are fuelling the inequality crisis by dodging taxes, driving down wages and using their power to influence politics. It calls for a fundamental change in the way we manage our economies so that they work for all people, and not just a fortunate few.”
“Crony capitalism benefits the rich, the people who own and run these corporations, at the expense of the common good and of poverty reduction. It means that smaller businesses struggle to compete and ordinary people end up paying more for goods and services”.
Oxfam have certainly done a fantastic public service by bringing so much mainstream attention to the economic imbalances of our world, yet this is just the tip of the iceberg when it comes to the corruption and outright psychopathic patterns which permeate the upper echelons of our modern society.
Regardless, this report is likely to fuel greater disgust and anger within the rising populism which is beginning to wash over the collective consciousness of the Western world. Let's hope this pushes us closer to the tipping point where 'the people' finally lay the shadow ruling class to rest once and for all, so we can get on with creating a global community based in truth, justice, honor and natural law.
ABOUT THE AUTHOR
Phillip J. Watt lives on the Mid North Coast of NSW Australia. His written and film work deals with topics from ideology to society, as well as self-development. Follow him on Facebook, watch his interviews with an array of inspiring guests at his YouTube Channel or visit his website.
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