Wealth: Having it All and Wanting More
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Wealth: Having it All and Wanting More
Global wealth is increasingly concentrated in the hands of a small wealthy elite. 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. 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.
Related reading:
New Oxfam report says half of global wealth held by the 1%
World Economic Forum publishes 14-point plan to tackle global inequality
