The gap between the super-rich and the poorest half of the global population is even more stark than previously thought. Allegedly just eight men, from Bill Gates to Michael Bloomberg, own as much wealth as 3.6 billion people.
The latest extreme poverty estimates from the World Bank revealed that Africa is lagging behind the rest of the world. Development expert Francisco Ferreira says it's not too late to turn things around.
Oxfam's latest report on wealth inequality describes how a wealthy elite accumulates vast fortunes while the poorest go without. But the charity has been criticized as offering a too simplistic view of the imbalances.
The report concludes that the persistence of extreme poverty in the US is a political choice made by people in power. It also criticizes US policy for making health care a privilege, rather than a right.
The world's eight richest businessmen own as much wealth as half the world's population combined, according to an Oxfam report. Inequality is "more shocking than ever before," the aid group says.
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