Oxfam says the share of the worlds wealth owned by the richest 1% increased from 44% in 2009 to 48% last year. This trend existed under Labour and now accelerated under the Condems. The wealthiest 1% is on course to own more than 50% of the worlds wealth by 2016. The research coincides with the gathering of billionaire representatives at the World Economic Forum in Davos. Oxfams executive director who will co-chair the Davos event, said she would use the charitys high-profile role at the gathering to demand urgent action to narrow the gap between rich and poor. That will be like trying to make water flow uphill. Rational argument melts like a snow flake on a hot stove to those attending Davos. Labour already promises to maintain the current austerity and anti-trade union policies of the Condems. The one thing which can check the unremitting greed of the rich and powerful is a powerful trade union and Labour movement and a mass workers party. Every confirmation of the growth of vast wealth at the expense of the mass of working families underlines the need to build TUSC into a mighty force for defending working people. Join with TUSC in achieving this objective.
Posted on: Mon, 19 Jan 2015 11:26:00 +0000
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