With its latest pronouncements on the threat of rising inequality, can we expect to see an International Monetary Fund that firmly rejects the austerity policies it has historically pushed? Unfortunately not, explains Sam Pizzigati for Inequality.org.
The World Social Report 2020, published by the UN Department of Economic and Social Affairs, shows that income inequality has increased in most developed countries, and some middle-income countries including China.
In a stark reminder of gaping global inequality, a new report by Oxfam reveals that 162 billionaires, including Facebook’s Mark Zuckerberg and Amazon’s Jeff Bezos, have the same wealth as the poorest half of the world.
Each year in January, members of the Fight Inequality Alliance mobilise across the world to highlight the crisis of inequality and to demonstrate that people are demanding an end to the age of greed and putting forward their solutions for a more equal society.