In the News

Extreme Disparity of Wealth Dominates Davos

With extreme wealth also comes extreme political clout that results in extreme human suffering, said Winnie Byanyima, Executive Director of Oxfam International, at a panel session this week in Davos. Byanyima helped set the tone for this year’s World Economic Forum by releasing the comprehensive report that disclosed that the world’s richest 1 percent are on track own more than half of the world’s wealth by next year, wrote Don Tapscott of the Martin Prosperity Institute at The Huffington Post on January 28. It is fair to say that the report stunned the decision makers and opinion leaders ensconced in this small Swiss ski town. It has been a hot topic at many panel sessions and in informal gatherings.