Worldwide economic inequality is looking rather bleak these days, according to a new report by relief organization Oxfam.
Oxfam’s “Working For The Few” report looked at Credit Suisse’s “Global Wealth Report 2013” and Forbes’ list of the world’s billionaires from 2013 to conclude that 1 percent of the global population controls half of the world’s wealth.
The report also found that the world’s 85 richest people own the same amount as the bottom half of the entire global population.
The ramifications of such inequality may be dire, the report suggests:
This massive concentration of economic resources in the hands of fewer people presents a significant threat to inclusive political and economic systems. Instead of moving forward together, people are increasingly separated by economic and political power, inevitably heightening social tensions and increasing the risk of societal breakdown.
Oxfam calls on leaders gathered at the 2014 World Economic Forum in Davos, Switzerland, to tackle the growing inequality through multiple pledges, such as insisting on a living wage for companies they control, and by supporting progressive taxation.
Last Thursday, the World Economic Forum stated in a risk assessment that income disparity was one of the “Ten Global Risks of Highest Concern in 2014.”
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Categories: Economics, Economy, Socioeconomics
It cold be the result of the interest based economy. Islam had forbidden usury and interest. Some people are creating doubts about what is interest. That is not fair.
Interest (Riba)is Haraam. I say that Allah did not keep nature of Haraam things in doubt. Like mother is Haraam. Every one knows what is mother.
The western society is quite well educated. They may find a way out of the present bad economic situation. But there is no way except to accept the message of Islam in respect of Interest, gambling, drinking, debauchery.
Islam allows earning by lawful means. It also controls spending in lawful (decent) manner. Islam exhorts spending in the way of Allah and suggests even distribution of wealth through inheritance. By such good laws, wealth cannot gather in one place.
Islam allows a person to keep his well earned wealth. Nobody can forcibly take it away from him.
A person having wealth is praised in the Quran compared to a One who has nothing. I hope some of the things that I have mentioned above are true and correct. Allah knows best.
(1)very old and anciant truth———-tell some thing fresh or new—————–