New estimates show that just eight men own the same wealth as the poorest half of the world. As growth benefits the richest, the rest of society - especially the poorest - suffers. The very design of our economies and the principles of our economics have taken us to this extreme, unsustainable and unjust point. Our economy must stop excessively rewarding those at the top and start working for all people. Accountable and visionary governments Businesses that work in the interests of workers and producers A valued environment Women's rights A strong system of fair taxation, Are central to this more human economy., The sources and methodology behind the headline facts in this paper are explained in the separate methodology note.
Alejo Vázquez Pimentel, Diego, Macías Aymar, Iñigo, and Lawson, Max
Subjects
Economics, Gender, Inequality, Private sector
Abstract
Last year saw the biggest increase in billionaires in history, one more every two days. This huge increase could have ended global extreme poverty seven times over. 82% of all wealth created in the last year went to the top 1%, and nothing went to the bottom 50%., Dangerous, poorly paid work for the many is supporting extreme wealth for the few. Women are in the worst work, and almost all the super-rich are men. Governments must create a more equal society by prioritizing ordinary workers and small-scale food producers instead of the rich and powerful.