The coming global backlash against corporate consolidation

April 10, 2018

From Davos to the press and social media sphere, inequality took centerstage this past week. “Responsible and Responsive Leadership” was the headline of the 2017 World Economic Forum (WEF) — a call-to-arms for the titans of politics, industry, and academia to confront and combat the inequality underlying electorate fury in the advanced world. Meanwhile, a simple and shocking statistic, provided by Oxfam, lit the internet on fire: the world’s eight richest men now control as much wealth as the poorest 50%. Yet, while blame is being cast far and wide — from corporate and individual greed to policy inadequacy and the failure of the neoliberal order — debate still remains about the exact forces exacerbating global inequality and thus, how to counteract them.

 

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