Jake Johnson is a senior editor and staff writer for Common Dreams.
A report published Monday by the humanitarian group Oxfam warns that decades of intensifying inequality have left the world in the grip of a 'global oligarchy' under which the richest sliver of humanity owns more wealth than nearly everyone else combined—a state of affairs that undermines democratic institutions and international cooperation on climate, pandemics, and other crises.
'Democracies are afflicted, as the ultra-rich—often through the powerful corporate interests that act on their behalf—can tilt policymaking in their favor at the expense of the majority. Nor is the movement toward oligarchy confined by national borders. It is global, impacting political decision-making within countries and at the international level.' Behar said Monday that 'the shadow of global oligarchy hangs over this year's U.N. General Assembly.' 'The iconic U.N.
Corporate Power Covid-19 Inequality Oxfam Public Health Taxation United Nations Oligarchy
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