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100 richest could 'end poverty'

The world's richest 100 people earned enough last year to end extreme poverty for the planet's poorest people four times over, Oxfam said. An "explosion in extreme wealth" was hindering efforts to tackle poverty, the charity said.

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Oxfam: 'Wealth for a few leaves many struggling'

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.

– Barbara Stocking, Oxfam's chief executive

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