Welcome to the Fight Against Inequality Network blog: discussions and short pieces around the topics of inequality.
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On Wealth Inequality
The 2022 World Inequality Report reveals that the wealthiest 10% own 76% of global wealth, while the bottom 50% possess only 2%. Oxfam International highlights corporate power’s role in exacerbating inequality through various means. Australia mirrors this trend, with wealth concentration among billionaires surging during the pandemic, deepening societal divides.
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Oxfam International, Jan 2024 “Inequality Inc.” Report
How corporate power divides our worldand the need for a new era of public action The 2024 Oxfam report demonstrates the link between extreme wealth and corporate power and the ‘four ways that corporate power fuels inequality: Rewarding the wealthy, not workers Dodging taxes Privatising public services Driving climate breakdown.’ The whole report can be read here, if you’re interested!
