Capitalism has resulted in accumulating wealth in the hands of a few people while impoverishing the overwhelming majority of people in the world. Today 62 richest people have as much wealth as the bottom half of 3.6 billion people. This is beyond obscene.
It is incredible that the 62 richest people in the world own as much wealth as half of the world’s population; that is 3.5 billion people. This half (3.5 billion) experienced 41 percent decline in their wealth while the rich increased theirs by 44 percent. Is this fair or tolerable?
Some 2,700 participants, ranging from kings, presidents and business moguls to professors, clergymen and celebrities, paid $25,000 each to get into the gathering...
With the opening of the 2001 World Economic Forum (WEF) meetings in Davos, satellite-TV viewers worldwide have once again seen drastic security measures against the threat of protests. From Seattle to Switzerland, in recent years global economic policy meetings have come under fire from a broad coalition of what the media call ‘anti-globalization’ or ‘anti-capitalist’ forces.
