90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
Here and Now with Robin Young and Jeremy Hobson
Public radio's live
midday news program
With sponsorship from
Mathworks - Accelerating the pace of engineering and science
Accelerating the pace
of engineering and science
Monday, January 20, 2014

Report: World’s Richest 85 Hold Same Wealth As Poorest 3.5 Billion

A slum community in Lucknow, India. (Tom Pietrasik/Oxfam)

A slum community in Lucknow, India. (Tom Pietrasik/Oxfam)

Income inequality has been in national headlines for weeks, but a new report out today from the Britain-based international charity Oxfam says it’s a major issue worldwide.

The report found “The bottom half of the world’s population owns the same as the richest 85 people in the world,” and concludes “This massive concentration of economic resources in the hands of fewer people presents a significant threat to inclusive political and economic systems.”

Roben Farzad of Bloomberg Businessweek joins Here & Now’s Meghna Chakrabarti to discuss the new report.

Correction: In our interview, it was stated that the Oxfam report found that the world’s richest 85 people own $110 trillion. That’s not correct. The wealth of the one percent richest people in the world amounts to $110 trillion. We regret the error.

Guest


Please follow our community rules when engaging in comment discussion on this site.
Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

April 27 Comment

‘Tension Rising’ In Nepal, Says Aid Worker

An aid worker with Save the Children estimates that 1 million Nepalese children are in need of help following Saturday's devastating earthquake.

April 27 Comment

Thousands Attend Funeral For Baltimore’s Freddie Gray

The 25-year-old's death has sparked outrage and protests in Baltimore and across the nation.

April 24 2 Comments

Legendary Rock Climber Lynn Hill

She's been pushing boundaries since she started climbing as a teen in the 1970s, a time when there were very few women in the sport.

April 24 4 Comments

Russell Crowe Taps History To Make ‘The Water Diviner’

The Academy Award winner directed and stars in the film, which draws on the diaries of young Australian soldiers.