Billionaires are taking over the world: How 5 richest men doubled wealth while 5 billion got poorer

The world's richest 1% own 43% of global financial assets, and the wealth of the top five billionaires has doubled since 2020, while 60% of humanity got poorer, according to a report by Oxfam, published to coincide with the World Economic Forum meeting of capitalist oligarchs and Western government officials in Davos, Switzerland. Ben Norton analyzes the findings. VIDEO: https://youtube.com/watch?v=RHmTCuCCMV8 Sources and more information here: https://geopoliticaleconomy.com/2024/01/18/billionaires-richest-doubled-wealth-poorer-oxfam Check out our related video "Global debt is unpayable: How Wall Street traps poor countries, profiting rich ones": https://youtube.com/watch?v=WRkhWQ0sRn4

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Geopolitical Economy Report is an independent news outlet that provides original journalism and analysis to understand the changing world.