World's Richest One Percent Undermine Fight Against Economic Inequalities Thalif Deen - Inter Press Service
go to original March 27, 2015

Global Wealth Inequality - What you never knew you never knew (TheRulesOrg)

The growing economic inequalities between rich and poor – and the lopsided concentration of wealth and power in the hands of the world’s one percent – are undermining international efforts to fight global poverty, environmental degradation and social injustice, according to a civil society alliance.

Comprising ActionAid, Greenpeace, Oxfam and Civicus, the group of widely-known non-governmental organisations (NGO) and global charities warn about the widening gap and imbalance of power between the world’s richest and the rest of the population, which they say, is “warping the rules and policies that affect society, creating a vicious circle of ever growing and harmful undue influence.”

The group identifies a list of key concerns – including tax avoidance, wealth inequality and lack of access to healthcare – as being unduly influenced by the world’s wealthiest one percent.

In a statement released Thursday, on the eve of the World Social Forum (WSF) scheduled to take place in Tunis Mar. 24-28, the group argues the concentration of wealth and power is now a critical and binding factor that must be challenged “if we are to create lasting solutions to poverty and climate change.”

The statement – signed by the chief executives of the four organisations – says: “We cannot rely on technological fixes. We cannot rely on the market. And we cannot rely on the global elites. We need to help strengthen the power of the people to challenge the people with power.”

“Securing a just and sustainable world means challenging the power of the one percent,” the group says.

Read the rest at Inter Press Service

An Animated Video Explains Economic Inequality (IAFFLocal244TV)

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