The rich are getting richer and the poor are getting poorer, according to a new report that highlights the reasons behind worrying figures — such as the fact that global poverty will not be eradicated for another 229 years.

While the vast majority of the EU’s population has become steadily poorer recently, its top five richest billionaires have increased their wealth from €244bn in 2020 to €429bn in 2023, an Oxfam report revealed on Monday (15 January).

This represents a 76 percent increase in just three years — at a rate of €5.7m per hour.

“This inequality is no accident; the billionaire class is ensuring that corporations deliver more wealth to them at the expense of everyone else,” said Amitabh Behar, Oxfam International’s interim executive director.

  • Riddick3001OPEnglish
    0•1 year ago

    You could seriously benefit not only from actually educating yourself on the history of where you’re from, and of the systems you live by, as well the current history as well, since you’re clearly completely clueless, but also from reducing your confidence in your ignorance. It’s not a good look.

    Tnx for the explanation, I did read most of Rousseau’s work, doesn’t mean I remember everything I read.

    And just because I dont know this slogan, and you feel like I don’t agree with you, there is absolutely no need to be condescending. Not very social are we now?

    Also, you like to pinpoint only the worse elements of Europe, and you won’t acknowledge Europe’s socialist inheritance like here:

    "The first modern socialists were early 19th-century Western European social critics. In this period socialism emerged from a diverse array of doctrines and social experiments associated primarily with British and French thinkers—especially Thomas Spence, Charles Fourier, Saint-Simon, Robert Owen. " .