As Davos crowd gathers, govts. urged to rein in ‘billionaire class’
- January 17, 2024
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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As Davos crowd gathers, govts. urged to rein in ‘billionaire class’
Subject: Economy
Section: External Sector
Context:
- As per Oxfam, the combined fortunes of the world’s five richest men have more than doubled to $869 billion since 2020 while five billion people have been made poorer.
More about News:
- Oxfam called for governments to rein in corporate power by breaking up monopolies; instituting taxes on excess profit and wealth; and promoting alternatives to shareholder control such as forms of employee ownership.
What is Oxfam International?
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What is World Economic Forum?
Mission:
Founder and Executive Chairman: Klaus Schwab.
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