The rich have the chance to get richer in an economic crisis, while the poor face the prospect of sinking deeper in poverty
IT IS that time of the year when we get sentimental about income inequality in the world, thanks to non-profit Oxfam’s consistent reminders with bitter data on wealth creation. Also, it is time for the World Economic Forum (WEF), the annual excursion for the planet’s richest.
Oxfam International’s report “Public Good or Private Wealth” is making headlines. And they have been reading the same for the past several years. Similarly, though not expectedly, International Monetary Fund (IMF) chief Christine Lagarde said at the WEF opening press conference that “resilient, inclusive, collaborative” is what an economy should be. Nobody will dispute this. She was worried about the weakening global economy, and the dissents and grievances against globalisation.
This story is from the February 01, 2019 edition of Down To Earth.
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This story is from the February 01, 2019 edition of Down To Earth.
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