The Great Wealth Transfer: How It Impacts Women and Society
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As the annual World Economic Forum takes place in Davos, a new article from The Conversation Indonesia sheds light on the state of billionaires and the dreams of stakeholder capitalism. The article highlights the increasing wealth of the world's five richest billionaires, contrasting it with the growing poverty experienced by 60% of humanity. Oxfam's annual report on global inequality reveals that billionaires now own $3 trillion more than they did three years ago, with their wealth growing at a rate three times higher than inflation.
The article argues that the dream of stakeholder capitalism, where corporations prioritize the interests of workers, consumers, communities, and the environment, has not materialized. Instead, the rise of neoliberalism has led to greater wealth division and ...
#newstr #WealthInequality #StakeholderCapitalism #WorldEconomicForum #Davos #IncomeInequality #Poverty #CorporatePower #TheGreatWealthTransfer #Women'sFinancialEmpowerment #FemaleAthletes