Tag: Oxfam

Panama Papers Reveal How the 1% Operate

MEL GURTOV – One of the many tools at the disposal of multinational corporations (MNCs) for maximizing profits and undermining state sovereignty is moving operations to low-tax countries. Global companies do not simply “go abroad”; they shift capital, as well as labor and technology, to wherever the advantages are greatest. This reality of globalization is well known, and it is matched by the similar behavior of powerful, wealthy individuals, including present and former top government officials. Like the MNCs, wealthy individuals are not content to make tons of money at home if they can make even more by finding tax shelters abroad, where their money is completely hidden from public view. It’s what the One Percent do.

Meet The 80 People Who Are As Rich As Half The World

MONA CHALABI – Eighty people hold the same amount of wealth as the world’s 3.6 billion poorest people, according to an analysis just released from Oxfam. The report from the global anti-poverty organization finds that since 2009, the wealth of those 80 richest has doubled in nominal terms — while the wealth of the poorest 50 percent of the world’s population has fallen.

Rising People-Powered Movement Of Movements Is Transforming The World

MARGARET FLOWERS – On a snowy weekend in January, activists for social, economic and environmental justice from across the United States gathered in a Chicago union hall to plan a Global Climate Convergence: ten days of action from Earth Day to May Day. Many of these activists had never focused on the climate crisis before, being mired instead in fighting battles that loomed more immediately in their lives. Who has the capacity to worry about climate change when your community is hungry, cold, without shelter, lacks health care or is being poisoned? During that weekend meeting, we transcended the barriers that typically lead to working in narrow silos and treading water while the oceans literally and figuratively continue to rise around us. We stepped outside of our particular areas of advocacy, connected our struggles, and forged a collective effort to take action together this spring and beyond. The rallying cry was that the time has arrived to join hands and change course.