Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | Inequality is the moral challenge of our times, Stop evading it -Amitabh Behar

Inequality is the moral challenge of our times, Stop evading it -Amitabh Behar

Share this article Share this article
published Published on Feb 6, 2019   modified Modified on Feb 6, 2019
-The Times of India (Voices)

Recently the ever-eloquent and formidable P Sainath was with us and his story and visual image for the day was the contrast between the thirst and misery of the Marathwada drought, including scarcity of drinking water on the one hand, and on the other hand the luxury of independent swimming pools in each flat on every floor of a multi-storied building being advertised in Mumbai during the same summer.

Oxfam released its 2019 inequality report titled ‘Public Good or Private Wealth’ on the eve of the World Economic Forum at Davos. The report has been setting the newsroom agenda across the globe for the last one week.

The fulcrum of the Oxfam report is the trend of growing inequality in the world, which is reflected in the tremendous concentration of wealth amongst a few individuals and a small number of TNCs (transnational corporations). The report says that 26 individuals have more wealth than the bottom 50% of the global population. Globally, the number of billionaires has doubled since the financial crisis, India has added 18 new billionaires in the last year raising the number of billionaires to 119. The Global Policy Forum report, written by Anderson and Cavanagh says that of the 100 largest economies in the world, 51 are corporations; only 49 are countries. Walmart – ranked No. 12 — is bigger than 161 countries, including Israel, Poland, and Greece. According to the Oxfam report, in India this concentration of wealth is even higher with 9 men owning more wealth than 50% of Indian population, roughly around 650 million people. All this data reflects that inequality is growing dramatically leading to obscene and frightening levels of inequality. Well-known and respected economists like Thomas Picketty and Joseph Stiglitz have already done a significant body of work to establish the trend of growing inequality.

Please click here to read more.

The Times of India, 2 February, 2019, https://timesofindia.indiatimes.com/blogs/voices/inequality-is-the-moral-challenge-of-our-times-stop-evading-it/?fbclid=IwAR1xAbF-wyMf4fDM_XFRyPisRrX66tPEWdcpMNTG


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close