inequality

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Biden warns Davos: Inequality is threatening ‘liberal international order’

With 48 hours left as vice president of the United States, Joe Biden delivered his final speech yesterday to an assembly of the world’s wealthiest and most powerful people. “The top 1 percent is not carrying their weight,” he said. And while “external actors” pose a threat to democracy, inequality is “undermining support for the liberal international order from inside.”

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Extreme inequality: Only 8 men hold same wealth as half the world

Shocking new data reveals an “obscene” level of global wealth inequality, far worse than previously thought: Only eight men hold as much wealth as the poorest half of humanity – more than 3.6 billion people. The finding is among other equally jarring numbers in Oxfam’s latest report, released today as political and business leaders gather for the annual World Economic Forum in Davos, Switzerland, this week.

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