Podcasts & RSS Feeds
Most Active Stories
- What's Next For Pensions, Now That Court Has Tossed Illinois' Law?
- Power Players – Who’s In And Who’s Out When It Comes To Lobbying The New Governor
- Lawmakers Propose Adding Crime Victims' Bill Of Rights To Illinois Law
- How Much Is Your AP Test Score Worth In Illinois? The Answer Varies By University
- New Pension Fixes May Emerge; Rauner Considering Ideas That "Haven't Been Brought Forward Yet"
Mon January 20, 2014
World's Richest 85 Hold Same Wealth As Poorest 3.5 Billion
Originally published on Tue January 21, 2014 8:17 am
The report found “The bottom half of the world’s population owns the same as the richest 85 people in the world,” and concludes “This massive concentration of economic resources in the hands of fewer people presents a significant threat to inclusive political and economic systems.”
Roben Farzad of Bloomberg Businessweek joins Here & Now’s Meghna Chakrabarti to discuss the new report.
Correction: In our interview, it was stated that the Oxfam report found that the world’s richest 85 people own $110 trillion. That’s not correct. The wealth of the one percent richest people in the world amounts to $110 trillion. We regret the error.