New wealth of top 1% surges by over $33.9 trillion since 2015 – enough to end poverty 22 times over, as Oxfam warns global development “abysmally off track” ahead of crunch talks | Oxfam International
www.oxfam.org

cross-posted from: https://reddthat.com/post/44520548

  • Oxfam condemns “private finance takeover” of development efforts, as over 3.7 billion people remain in poverty ten years after the Sustainable Development Goals were agreed.
  • New Oxfam analysis unveils “astronomical rise in private wealth”. Between 1995 and 2023, global private wealth grew by $342 trillion – 8 times more than public wealth.
  • Oxfam analysis also shows governments are making the largest cuts to life-saving aid since aid records began. Aid cuts could cause 2.9 million more children and adults to die by 2030, from HIV/AIDS causes alone.
  • Results of a new global survey show 9 out of 10 people support paying for public services and climate action through taxing the super-rich.
  • Oxfam urges new strategic alliances to address inequality; urgently revitalize aid and tax the super-rich; and assert new “public-first” approach over private finance.
  • technocrit@lemmy.dbzer0.com
    1·
    5 days ago

    Money represents social hierarchy/control. If money were distributed from the rich to the poor, the astounding thing wouldn’t be the numbers in bank accounts but rather the complete inversion of capitalist values. And if these values/systems are inverted, then money is meaningless.

    I don’t think these comparisons are supposed to be literal. It’s more about the massive inequality and anti-human values of the current system. Realistically capitalism is violently enforced by states, etc. so there will continue to be no justice in the foreseeable future.