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Wealth: Having it all and wanting more

Hardoon, Deborah
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2015-01-19
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Issue briefing
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12
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<p>Global wealth is increasingly concentrated in the hands of a small wealthy elite.</p> <p>These wealthy individuals have generated and sustained their vast riches through their interests and activities in a few important economic sectors, including finance and insurance, and pharmaceuticals and healthcare.</p> <p>Companies from these sectors spend millions of dollars every year on lobbying to create a policy environment that protects and enhances their interests further. The most prolific lobbying activities in the US are on budget and tax issues; public resources that should be directed to benefit the whole population, rather than reflect the interests of powerful lobbyists.</p> <p>This briefing explains Oxfam's methodology and data sources and updates key inequality statistics, such as Oxfam's frequently cited fact in 2014: '85 billionaires have the same wealth as the bottom half of the world's population'.</p>
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978-1-78077-795-5
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