The original content of Democracy Now! Headlines appears under the Creative
Commons BY-NC-ND 3.0 License (United States). For more, including their other
shows and media, visit www.democracynow.org.
January 17, 2024

Oxfam Report Finds the Ultra-Rich Are Still Getting Richer as 5 Billion People Become Poorer
--------------------------------------------------------------------------------------------

As world leaders are gathering in Davos, Switzerland, for the World
Economic Forum, Oxfam issued a new report showing that the world's five
richest billionaires have seen their wealth double over the past four
years while 5 billion others have become poorer. Oxfam is predicting the
world could have its first trillionaire in a decade. Oxfam's interim
executive director, Amitabh Behar, spoke in Davos.

Amitabh Behar: "I certainly feel angry. You know, I would say having
billionaires is a failure. Very often when we're here at the World
Economic Forum, you end up celebrating billionaires. But I think it's a
sign of failure that we have 800 million people - 10% of the global
population - sleeping hungry. They do not have enough food to eat, 800
million people. And on the other hand, you have these billionaires with
their private yachts, private jets and a lifestyle which cannot even be
understood."



.