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Showing posts from February 3, 2013

To End Extreme Poverty, End Extreme Wealth | #islamicfinance #inequality #poverty

[tags inequality, poverty] To End Extreme Poverty, End Extreme WealthThe world's wealthy gathered in the Swiss Alps once again last week to discuss how to 'solve' the world's toughest problems. The world's biggest problem, suggests one top global anti-poverty outfit, may be their fortunes.By Sam PizzigatiIMF chief Christine Lagarde told the world's business elites in Davos last week that "the economics profession and the policy community have downplayed inequality for too long." Apologists for inequality have a standard retort to anyone who calls for a more equal distribution of the world's treasure. If you took all the wealth of the wealthy and divvied it up equally among all the poor, the retort goes, no one would gain nearly enough to accomplish much of anything.Oxfam International, one of the world's premiere anti-poverty charitable organizations, would beg to differ. The world's top 1…