While Davos Elites Address Populism, Just "Eight Men Own Same Wealth As Half The World"

Tyler Durden's picture

Submitted by Joseph Jankowski of PlanetFreeWill.com

As political and business elite gather at the Swiss ski resort of Davos, a new report is shining light on the shocking reality of the wealth gap between the very rich and poor that is “pull our societies apart.”

A report by Oxfam released ahead the World Economic Forum in Davos shows the gap between the ultra-wealthy and the poorest half of the global population is starker than previously thought, with just eight men owning as much wealth as 3.6 billion people. And since 2015, the richest 1 per cent has owned more wealth than the rest of the planet.

The report urges the elite to address the problem, warning that public anger against this kind of inequality will continue to grow and cause more political firestorms such as the election of populist Donald Trump as U.S. president or Brexit.

“From Brexit to the success of Donald Trump’s presidential campaign, a worrying rise in racism and the widespread disillusionment with mainstream politics, there are increasing signs that more and more people in rich countries are no longer willing to tolerate the status quo,” Oxfam said in its new report.

“It is obscene for so much wealth to be held in the hands of so few when 1 in 10 people survive on less than $2 a day,” said Winnie Byanyima, executive director of Oxfam International, who is attending the exclusive meeting in Davos. “Inequality is trapping hundreds of millions in poverty; it is fracturing our societies and undermining democracy.”

The same Oxfam report last year showed that it was 62 people holding as much wealth as the bottom half of the population.

This year’s report was revised using the Forbes’ billionaires list published in March 2016 which shows that Microsoft founder Gates is the richest individual with a net worth of $75 billion.

Here are the top 8 individuals on the list:

1. Bill Gates

Net Worth: $75 B

Source of wealth: Microsoft

 

2. Amancio Ortega

Net Worth: $67 B

Source of wealth: Zara

 

3. Warren Buffett

Net Worth: $60.8 B

Source of wealth: Berkshire Hathaway

 

4. Carlos Slim Helu

Net Worth: $50 B

Source of wealth: telecom

 

5. Jeff Bezos

Net Worth: $45.2 B

Source of wealth: Amazon.com

 

6. Mark Zuckerberg

Net Worth: $44.6 B

Source of wealth: Facebook

 

7. Larry Ellison

Net Worth: $43.6 B

Source of wealth: Oracle

 

8. Michael Bloomberg

Net Worth: $40 B

Source of wealth: Bloomberg LP

The Oxfam report also slammed corporate lobbying and crony capitalism.

“Crony capitalism benefits the rich, the people who own and run these corporations, at the expense of the common good and of poverty reduction. It means that smaller businesses struggle to compete and ordinary people end up paying more for goods and services,” states the report.

In Davos, the elite of the political and business world will discuss how to respond to the rising rejection of such inequality and the populist wave it has formed.

“Regardless of how you view Trump and his positions, his election has led to a deep, deep sense of uncertainty and that will cast a long shadow over Davos,” said Jean-Marie Guehenno, CEO of International Crisis Group, a conflict resolution think-tank.

Among the titles of the discussion panels at the Davos are “Squeezed and Angry: How to Fix the Middle Class Crisis”, “Politics of Fear or Rebellion of the Forgotten?”, “Tolerance at the Tipping Point?” and “The Post-EU Era.”

Surprisingly, some Davos attendees have admitted to not knowing what is causing the populist turmoil or how to deal with it.

“There is a consensus that something huge is going on, global and in many respects unprecedented. But we don’t know what the causes are, nor how to deal with it,” Moises Naim of the Carnegie Endowment for International Peace explained.

Klaus Schwab, founder of the annual Davos meeting, said “it’s important to listen to the populists,” which is why he intends to reach out to populist politicians who are riding the wave of discontent.

From ABC News:

Critics often accuse the yearly World Economic Forum in the Swiss Alps of being a snow-covered playground for well-heeled business and political elites. But founder Klaus Schwab said this year’s event, which opens Monday before a public start Tuesday, is reaching out to populist politicians who have ridden a wave of discontent among the masses.

 

“It’s important to listen to the populists, and actually we have several sessions where we deal with these issues, and we have representatives of populist parties here with us,” Schwab said Sunday. “We have to take it [populism] seriously.”

 

For a forum that strives to take the pulse of the world each year and produce “a real hub of a global discussion,” Schwab said “it would be soundly unrealistic and far from realities if we did not integrate the concerns of populists very much into our own deliberation.”

45 Years of Davos and the Elite Still Running Away with the Worlds Wealth

The meeting in Davos will not find solutions to narrow the wealth gap which is now astronomically leaning towards the tip-top of the upper rungs of the population.

This year’s meeting marks the 45th time the elite have gathered at in the Swiss alps, and never has the wealth gap been so glaring.

The meeting is all about managing the lack of wealth of the population and the political turmoil which is bound to accelerate because of it.

Among the discussion at Davos will be the “fourth industrial revolution.” The elite will be discussing how millions of jobs held by the average person are going to be eliminated by artificial intelligence and how this revolution might play out on the political scale.

Last year, Klaus Schwab and managing board member of Davos Richard Samans, wrote a report titled “The Future of Jobs” that estimated 7 million jobs will be lost with just 2 million gained as a result of technological change in 15 major developed and emerging economies.

Reports released this year by the World Economic forum repeat this forecast.

From Computer Weekly:

The WEF’s Global Risks 2017 report warns that, as a result of AI and other disruptive technologies, long-term jobs are giving way to self-employment in the “gig” economy, leaving individuals to shoulder more responsibility for the costs of unemployment, sickness and old age.

 

Technology disruption, more than globalisation, deteriorating job prospects and industrial decline, has been the catalyst for anti-establishment voting, which led to Brexit in the UK, the election of Donald Trump in the US, and Italy’s rejection of its former prime minister’s constitutional reforms, the report claims.

 

Unless there is a concerted effort from governments and the private sector, the trend will put pressure on economies and may lead to social unrest, said Cecilia Reyes, chief risk officer of Zurich Insurance Group.

 

“Without proper governance and reskilling of workers, technology will eliminate jobs faster than it creates them,” she said. “Governments can no longer provide historic levels of social protection, and an ant-establishment narrative has gained traction, with new political leaders blaming globalisation for society’s challenges.”

As the populist wave gets larger, the Davos meeting will only shine more light on the fact that those at the upper rung of the economic ladder are at the steering wheel of economic future. The discussions of humanities future taking place in the Alps will only trickle down in sound bites and excerpts for the average person to only ignore as they work 9-5 at a job that may not be there long term in order to pay the rent.

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Intelligence_Insulter's picture

Warren buffet gave all his wealth to the bill and miranda gates foundation not too long ago.....or tried to. 

hedgeless_horseman's picture

 

None of those men are speaking at Marfa.

http://www.zerohedge.com/news/2017-01-10/time-has-come-first-zerohedge-s...

Surprisingly, some Davos attendees have admitted to not knowing what is causing the populist turmoil or how to deal with it.

 

“There is a consensus that something huge is going on, global and in many respects unprecedented. But we don’t know what the causes are, nor how to deal with it,” Moises Naim of the Carnegie Endowment for International Peace explained.

Sire!  The people are revolting!

38BWD22's picture

 

 

At least six of those guys were Hillary supporters! 

LOL!  Billionaires for Hillary!

I do not know about Carlos Slim and Amancio Ortega...

 

07564111's picture

and despite their claims of ignorance as to the cause of the problem we know they lie. They know exactly what's happening and why.

Sudden Debt's picture

And I didn't vote for "they".

So I don't know why our politicians are going to Davos but all I know is that every single one who attend is commiting treason.

OfAllElaboratePlans's picture
OfAllElaboratePlans (not verified) Sudden Debt Jan 16, 2017 1:59 PM

Let's get real...

 

That band of pedophiles doesn't 'OWN HALF THE WORLD', they own half the 'stock equity' valuations in the world (redeemable & monetized in the fiat currency of your nomination ~ & whereby you can then discuss the relative valuations of fiat currencies)...

 

I own a KICK ASS set of tools & there is this interesting pond near my house that is of no interest to anyone.

 

Let's say we call it even & call it a day (because I ain't eating no $40 hot dogs tonight either)...

Stainless Steel Rat's picture
Stainless Steel Rat (not verified) OfAllElaboratePlans Jan 16, 2017 2:35 PM

Good for them, none of this "giving pledge" crap.

J S Bach's picture

These "richest people" articles always crack me up.  They NEVER name a single owner of the privately-held Federal Reserve stock... the Rothschilds, Warburgs, Schiffs, Kuhns, Loebs, etc...  I can't give exact numbers as to their total ilicit wealth, but it FAR outweighs the 8 frontmen listed in this article.

pathosattrition's picture

Any "wealthiest" list that doesn't have the Rockefellers and Rothschilds is FAKE NEWS

Stainless Steel Rat's picture
Stainless Steel Rat (not verified) pathosattrition Jan 16, 2017 3:00 PM

So we are paying $250 billion a year in interest...  who is THAT making rich?

Ofelas's picture

How many Semites do you see in this list: Helu (Libanese now Mexican), Zuckerberg, Bloomberg, Gates, add Rothschild and that makes 50%, not bad for a total of 15% of the worlds population

Uzda Farce's picture
Uzda Farce (not verified) J S Bach Jan 16, 2017 4:38 PM

Raymond Offenheiser, president of Oxfam America, is a member of the Rockefeller/CFR along with Bill Clinton, Michael Bloomberg, George Soros, Lloyd Blankfein, David Rockefeller Jr. and Lynn Forester de Rothschild. See member lists at cfr dot org.

The Merovingian's picture

Where the fuck are all the lone wolf jihadists when you really need them? Fucking worthless and pathetic. Can't they just whack Soros as an olive branch to the world or something?

DeadFred's picture

I'm hoping Trump renditions Soros to a secret cell in Gitmo... I'm allowed to hope.

PhilofOz's picture

These eight have nothing as compared to the Rothschilds, etc. There are well calculated estimates out there that the Rothschild clan are worth 500 trillion dollars (thats with a T), half of all the earths wealth all hidden with contolling interests in almost every major company on the planet. 

Chupacabra-322's picture

@ Sudden Debt,

Here's a snap shot of what's at Stake among these Pure Evil Globalist & there Minions:

What's at Stake is the Deep State Global network of MultiNational Central Banking, Espionage, Murder, War, Torture, Destabilization Campaigns, BlackMail, Extortion, Child / Human Trafficking, Drug / Gun Running, Money Laundering, Corruption, NSA spying, Media control & control of the 17 Intelligence Agencies.

Most importantly, The Deep State controls all the distribution lines of the aforementioned. Especially the Coaxial Cable Communication lines of Espionage spying & Surveillance State Apparatus / Infrastructure.

Agencies all built on the British Model of Intelligence. Purely Evil & Highly Compartmentalized Levels which function as a Step Pyramid Model of Authority / Monarch Reign Pyramid Model of Authority.

That's what's at Stake. How this plays out is anyone's guess. The Pure Evil Criminal Psychopath Rogue elements of the Deep State will not go quietly. If not dealt with now, they'll disappear only to resurface at a later date with one objective:
Create Mayhem.

It's those Select Highly Compartmentalized Criminal Pure Evil Rogue Elements at the Deep State Top that have had control since the JFK Execution that have entrenched themselves for decades & refuse to relinquish Control.

It's The Black Hats Versus The White Hats. Pure Evil War / Economic Oligarch Criminal Dynasties which must fall but refuse.
Interesting Times.

38BWD22's picture

 

 

Good seeing you back in town, SD!

I just finished (last night) Guy Verhofstraat's book Europe's Last Chance, in English of course (!).  He wants a more centralized but federal Europe.  Ahh, I dunno....  While I wish the very best for Europe (we were in Germany, Austria and the Czech Republic in December), I am not convinced that his prescription is correct.  

 

peddling-fiction's picture

Vageling assures that Verhofstadt is in the middle of creating the Soviet States of Europe at breakneck speed.

I am not following the events close enough to give an opinion, except wanting Finland out of the EU and Euro.

shivura's picture

but we support them because they made money through free market capitalism and getting there taxes lowered - very trumpian - so you guys support them and their hard earned wealth right?

if you don't, you don't support our president, you are a hypocrite and all your political policy is just jealousy in disguise

NuYawkFrankie's picture

re I do not know about Carlos Slim

That shouldn't be too hard to figure out - especially since Carlos Slim in drag is Hillary's body-double!

SMG's picture

These are just the public billionares.   There is far more wealth in the Occult Royal Families.   

MFL5591's picture

I dispise Zuckerburg!  Anyone who wants to own that company that produces nothing will lose in the end.

roadhazard's picture

The Church is doing a pretty good business selling faith.

QEpp's picture

I like Amazon, but why does Bezos always look like a prick?

3rdWorldTrillionaire's picture

I've always argued that..... where is all the old European wealth of former kings, etc.? Hidden among hundreds of trusts, family members, etc I suppose...

Creative_Destruct's picture

While the fucking elite have special access to all sorts of crony workarounds to all the rules, they  should keep their shitty hands OFF of our cash, and what little remains of our freedom.

AND, even if the playing field somehow becomes leveled between the rest of us and these arrogant ass-hats, they and the fucking central planners should still do same.

Davos is a Target Rich Zone that would be a real efficient, productive use of our "Drone the World" capabilities.

skeelos's picture

I am not advocating violence in any way shape or form, but if the article is true, then half the world's population could rise up and kill just 8 people and their wealth could double.

No wonder the elite are building luxury bunkers.

cowdogg's picture

Hang those eight upside down and beat the money out of their pockets.

Kirk2NCC1701's picture

Slim and Ortega are happy to have Mestisos, criminals and psychos exported to USSA, to MAMA*

* Make America Mexican Again 

----_-'s picture
----_- (not verified) 38BWD22 Jan 16, 2017 1:05 PM

"If you want to shine like the sun, you must burn like it" - martin luther king

FatTony7915726's picture

Polonium 210 for everyone of the eight billionnaires in their drinks!  And send the tab my way!  I don't have their wealth but I have a good heart!  Hehehehe!

Syrin's picture

Exactly, every kast one of them is a liberal fuckhead using their wealth to try to influence American politics.   Non-existent Russia hacking is news?   THIS is news.

Paul E. Math's picture

Yeah, why is hacking bad but the world's wealthy can compete with each other for politicians and that's ok?

Virtually every politician is beholden to one group of rich people or another.  Even Trump appears to be appointing only his own billionaire cult.

Can anyone figure out that perhaps campaign finance rules should be reformed?

HungryPorkChop's picture

8 people have as much wealth as half the world?  This statistic supports the fact a Dark Age has arrived and now settling into place.  Even during the previous Dark Age the wealth was never this concentrated throughout the world into the hands of so few. 

Skiprrrdog's picture

Yes, but the burning question we are all pondering; will there be $40.00 hot dogs available?

hedgeless_horseman's picture

 

$4.00 hot dogs!  

That is outrageous.

$2.50 tops.

 

Q: What did the yogi say to the hot dog vendor? 

A: Make me one with everything! 

http://www.zerohedge.com/news/2016-10-27/what-dirt-cheap-and-better-obam...

Ignatius's picture

HH, It should be stated that no peons or midgets were actually injured during the filming of this clip.

Ignatius's picture

I had heard rumors of the elusive Davos Man and now we have the proof!!

Creative_Destruct's picture

Davos man is DEVOlutionary.

Are we not men? NO! we are DEVO!

Oliver Klozoff's picture

lol

I've learned over time not to drink anything when viewing your posts, hence my sparkly-clean screen and keyboard.

samsara's picture

"Surprisingly, some Davos attendees have admitted to not knowing what is causing the populist turmoil or how to deal with it."

 

As Dylan Said 'Ballad of a Thin Man'

 

"Ah, you've been with the professors and they've all liked your looks
With great lawyers you have discussed lepers and crooks
You've been through all of F. Scott Fitzgerald's books
You're very well-read, it's well-known


But something is happening here and you don't know what it is

 
Do you, Mr. Jones?"

samsara's picture

Thanks HH, some of us remember..

Take care my friend.

GreatUncle's picture

If they were half intelligent, the rest of the world is realising THEY ARE THE PROBLEM and no solution they offer is going to be acceptable.