The actual role of the NGOs

WFTU- Article: The NGOs and their role.

The World Federation of Trade Unions, which represents more than 92 million workers in 126 countries on 5 continents, condemns in the most emphatic way the facts that came to light about the British Non-Governmental Organization “Oxfam”. 

According to the revelations, in 2011 the leaders of “Oxfam” were “using” funding for the assistance of the people of Haiti which was affected by the earthquake, to live in luxurious homes and hotels as well as for the trafficking and prostitution of women, including of girls. After the revelation of the events, there were also some others, new revelations that show similar facts within the Red Cross and other NGOs.

This is Capitalism #5 - The world's richest 1% took home 82% of the wealth produced by workers in 2017

Eighty two percent (82%) of the wealth generated last year went to the richest one percent of the global population, while the 3.7 billion people who make up the poorest half of the world saw no increase in their wealth, according to a new Oxfam report released today. The report is being launched as political and business elites gather for the World Economic Forum in Davos, Switzerland.

IT'S CAPITALISM, STUPID: Just eight men own same wealth as half the world

According to the latest report published by Oxfam eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity. Oxfam's report 'An economy for the 99%', shows that the gap between rich and poor is far greater than had been feared. 

More specifically:

• Eight men now own the same amount of wealth as the poorest half of the world.

• Over the next 20 years, 500 people will hand over $2.1 trillion to their heirs – a sum larger than the GDP of India, a country of 1.3 billion people.

• The incomes of the poorest 10% of people increased by less than $3 a year between 1988 and 2011, while the incomes of the richest 1% increased 182 times as much.

• A FTSE-100 CEO earns as much in a year as 10,000 people in working in garment factories in Bangladesh.

• In the US, new research by economist Thomas Piketty shows that over the last 30 years the growth in the incomes of the bottom 50% has been zero, whereas incomes of the top 1% have grown 300%.

• In Vietnam, the country’s richest man earns more in a day than the poorest person earns in 10 years.