"But protests over corruption, austerity, unemployment and high living costs have routinely been ignored and instead harshly put down by governments, said Max Lawson, co-author of the report. Governments worldwide are making the wrong choice; choosing to defend wealth, not freedom. Choosing the rule of the rich. Choosing to repress their people's anger at how life is becoming unaffordable and unbearable, rather than redistributing wealth from the richest to the rest, said Lawson."
"The world saw a record number of billionaires created last year, with a collective wealth of $18.3tn (13.7tn), while global efforts stalled in the fight against poverty and hunger. Oxfam's annual survey of global inequality has revealed that the number of billionaires surpassed 3,000 for the first time during 2025. Since 2020, their collective wealth grew by 81%, or $8.2tn, which the charity claims would be enough to eradicate global poverty 26 times over."
A record number of billionaires emerged, totaling over 3,000 and $18.3tn in collective wealth. Since 2020 their wealth increased by 81%, equivalent to $8.2tn. That sum is claimed to be enough to eradicate global poverty 26 times over. Global efforts to reduce poverty and hunger have stalled even as wealth concentration rose. Governments are increasingly influenced by wealthy elites and are responding to popular protests over corruption, austerity, unemployment and high living costs with repression. The effects of inequality are visible in places such as Nairobi's Mathare slum, where many people lack access to clean water and sanitation facilities.
Read at www.theguardian.com
Unable to calculate read time
Collection
[
|
...
]