Over $18 trillion in assets concentrated, the self-interest of the ultra-wealthy accelerates global inequality

On January 19th, the international charity organization Oxfam released its latest report. Shocking data was revealed. The total assets of the world’s billionaires have reached a record high of $18.3 trillion, which is not just a numerical update but suggests a structural crisis in the global economy. According to Oxfam’s analysis, the movement of ultra-wealthy individuals seeking to seize power for their own selfish interests is further exacerbating this situation.

The Extreme Concentration of Wealth Revealed by Oxfam’s Report

The details of the report are shocking. The number of billionaires worldwide exceeded 3,000 last year, with their total assets increasing by 16% year-over-year to $2.5 trillion. More concerning is the fact that, since 2020, billionaire assets have increased by 81% in just six years. Oxfam refers to this decade as the “golden age of the wealthy,” but at the same time, it has been a period of economic hardship for many people.

The Influence of the Ultra-Wealthy Who Monopoly Power for Selfish Gains

Meanwhile, progress in global poverty reduction has significantly slowed down. Currently, poverty levels are “roughly at the 2019 levels.” In other words, while the wealthy are becoming increasingly richer, the situation of the poor remains unchanged, and economic inequality continues to widen. Oxfam specifically cites figures like Mr. Mask and Mr. Bezos, pointing out that the ultra-wealthy often use their enormous assets to gain political power and control over media. Their selfish pursuits are not merely personal desires but are affecting the overall economic system and social structure.

The Vicious Cycle of Social Inequality Born from Political and Media Domination

Oxfam’s Executive Director, Ber, issued a stern warning: “The excessive influence of the ultra-wealthy on politicians, the economy, and the media worsens inequality and keeps us away from the right path to solving poverty.” This situation is not just an economic issue but a fundamental concern for democracy and social justice. The monopolization of power driven by the selfish interests of the ultra-wealthy reinforces systemic inequality and increases social instability. Moving forward, the international community is closely watching how this economic disparity and concentration of power will evolve.