Today, consolidation of power throughout society is increasing at a rapid pace. From the television shows we watch, to the news sites we visit, to the music we listen to and our financial institutions, the amount of control has passed from the many to the few. The many different brands we use give us the illusion of choice but, more often than not, the real power is consolidated in just a few corporations or individuals.
Earlier this month Oxfam, in a complaint against tax havens, reported how that even those who hold the greatest wealth and influence in society, have regrouped into an ‘ultra’ elite, as a mere 62 individuals control as much money as the poorest 3.5 billion people on the entire planet. Back in 2010, 388 members of the elite had as much wealth as the poorest half of humanity. But since then that number has been steadily falling and now it is down to just 62. At this pace, Oxfam is projecting that in just a few years a single person will have as much money as the poorest half of the global population combined. FULL REPORT