Oxfam: The wealthiest 1% of the population took two-thirds of the incremental wealth

The World Economic Forum in Davos is about to officially kick off, but Oxfam, an international development and relief NGO, has warned ahead of the meeting that global inequality is rising, with extreme wealth and extreme poverty growing at the same time in 25 years. increased simultaneously for the first time. Oxfam pointed out that corporations and the super rich are the biggest winners from the new crown and energy crisis. In fact, the richest 1% of the world’s population has accounted for two-thirds of the $42 trillion increase in global wealth since the pandemic, twice as much as the rest of the population. | Related reading (Financial Association)

Yao Yingxin

American scholar Robert Morton proposed the Matthew Effect, which means that successful people will accumulate more advantages and be more likely to achieve further success; in the field of economics, it mainly reflects the unfair phenomenon of uneven income distribution, the richer the Getting richer and the poor getting poorer, this most popular explanation also made the Davos Forum sound the alarm.

At present, in the world, a few rich people hold a large amount of assets, and most poor people have to do their best to divide the remaining small portion of assets. In the era of rapid technological development, many monopolies of wealth, relying on powerful resources and funds, quickly exert their strength in new fields, crowding out small businesses with no room for survival. Under the epidemic, in the crisis of energy, food, medicine, etc., the poor fell into poverty, while the rich took the opportunity to make a fortune because of their resources and privileges.

Before the opening of the Davos Forum, Oxfam will sound the alarm, and there is a need to remind. However, to truly solve the problem of the Matthew effect of wealth, it may still be necessary for governments to consider the problem from a deep level such as the distribution mechanism and take action, so that the wealth of the rich should also contribute to the well-being and common interests of all mankind.

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