Barbara Stocking, Oxfam's chief executive, said a "global new deal" was needed to reverse decades of increasing inequality.
We can no longer pretend that the creation of wealth for a few will inevitably benefit the many - too often the reverse is true.
Concentration of resources in the hands of the top 1% depresses economic activity and makes life harder for everyone else - particularly those at the bottom of the economic ladder.
In a world where even basic resources such as land and water are increasingly scarce, we cannot afford to concentrate assets in the hands of a few and leave the many to struggle over what's left.
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