CharityPoverty

Report finds that Oxfam’s top 22 people are dumber than everyone everyone in Africa who has suffered brain damage

Oxfam are even more stupid and mendacious than the last time they released this sort of report:

Oxfam report finds 22 richest men in the world have more wealth than 325 million women in Africa

It seems to have temporarily escaped Oxfam’s notice that the West is rich and Africa is poor. Which is surprising, because that’s what they’re normally shouting at us about. My 11-year-old son probably has more money than these women in his piggy bank. As the Centre for Global Development says:

The calculation works not because 62 people own the vast majority of everything (they don’t), but because 3.5 billion people own barely anything. Both groups own less than 1% of the world’s wealth.

That’s right. The 22 richest men in the world don’t own vast amounts of the world. In fact, they own less than 1% of the world’s wealth. (Even the the 2153 billionaires in the world apparently own only 2.5%.)

But wait, there’s even more gob-smacking dumbness:

Danny Sriskandarajah, Oxfam GB chief executive, said the findings of the report show that the “economy is just plain sexist”.

Do I really need to comment on this? People donate money to get this level of analysis?

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6 thoughts on “Report finds that Oxfam’s top 22 people are dumber than everyone everyone in Africa who has suffered brain damage

  1. Oxfam used to seriously engage with global trade issues, acknowledging the potential benefits of capitalism, but these days they’re falling more and more into the economic fallacy of the zero-sum game, i.e. some people are poor because others are rich.
    More people than ever before emerged from poverty in the last decade and Oxfam’s well-digging and belly-aching had nothing to do with it.

  2. To be pedantic, roughly half of Oxfam’s income comes from governments (not just the UK government), multilateral organisations, Oxfam affiliates and international foundations – in 2018 it was £207m of their £427m total income. Donations, legacies etc came in at £99m and trading produced £93m. To all intents and purposes they are a governmental organisation. See pages 59 et seq
    https://apps.charitycommission.gov.uk/Accounts/Ends18/0000202918_AC_20180331_E_C.pdf

  3. I would appreciate it if you would explain why they spent £200k on “Improving Access to Humanitarian Evidence” (another WTF moment)

  4. It is a reasonable guess that the 22 richest women in the world have more wealth than 325 million men in Africa. The economy really is so sexist!

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