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Behind the research

Deborah Hardoon explains how Oxfam discovered that eight billionaires own the same wealth as half the world’s population and other findings in the report.

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An Economy for the 99%: It’s time to build a human economy that benefits everyone, not just the privileged few

An Economy for the 99%: It’s time to build a human economy that benefits everyone, not just the privileged few
48 pages

Authors
Hardoon, Deborah

Publication date
16 Jan 2017

DOI
10.21201/2017.8616

ISBN
978-0-85598-861-6

Publisher
Oxfam

Type
Briefing paper

New estimates show that just eight men own the same wealth as the poorest half of the world. As growth benefits the richest, the rest of society – especially the poorest – suffers. The very design of our economies and the principles of our economics have taken us to this extreme, unsustainable and unjust point. Our economy must stop excessively rewarding those at the top and start working for all people. Accountable and visionary governments, businesses that work in the interests of workers and producers, a valued environment, women’s rights and a strong system of fair taxation, are central to this more human economy. The sources and methodology behind the headline facts in this paper are explained in the separate methodology note.

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