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?