CTuttle — World’s Richest One Percent Undermine Fight Against Economic Inequality

UNITED NATIONS – The growing economic inequalities between rich and poor – and the lopsided concentration of wealth and power in the hands of the world’s one percent – are undermining international efforts to fight global poverty, environmental degradation and social injustice, according to a civil society alliance.

Comprising ActionAid, Greenpeace, Oxfam and Civicus, the group of widely-known non-governmental organisations (NGO) and global charities warn about the widening gap and imbalance of power between the world’s richest and the rest of the population, which they say, is “warping the rules and policies that affect society, creating a vicious circle of ever growing and harmful undue influence.”

The group identifies a list of key concerns – including tax avoidance, wealth inequality and lack of access to healthcare – as being unduly influenced by the world’s wealthiest one percent.

In a statement released Thursday, on the eve of the World Social Forum (WSF) scheduled to take place in Tunis Mar. 24-28, the group argues the concentration of wealth and power is now a critical and binding factor that must be challenged “if we are to create lasting solutions to poverty and climate change.”....

Peace and prosperity versus poverty and war. Social justice versus neoliberalism, neo-imperialism and neocolonialism.

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World’s Richest One Percent Undermine Fight Against Economic Inequality
CTuttle