By Jake Johnson
"The ultra-wealthy and the mega-corporations they control are shaping global rules to serve their interests at the expense of people everywhere."
A report published Monday by the humanitarian group Oxfam warns that decades of intensifying inequality have left the world in the grip of a "global oligarchy" under which the richest sliver of humanity owns more wealth than nearly everyone else combined—a state of affairs that undermines democratic institutions and international cooperation on climate, pandemics, and other crises.
