FIRST AIRED: January 16, 2017

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

×

Transcript

00:00:00
>> Davos, are you listening? As global elites descend on the Swiss ski resort for the World Economic Forum, Oxfam have published a damning inequality report. The headline claims that just eight people, a number that could easily fit in this cable car, own as much wealth as the 3.6 billion people who make up the poorest half of the world's population.
00:00:20
I'm Maury for and Davos, but Oxham's message for those attending is what are you gonna do about it?>> But what matters is that they do debate this issue and that when they go home, they play their important part in correcting this warping of our economy.>> The aid agency publishes its inequality reports annually.
00:00:40
This year, they say the wealth divide has only worsened. And now, more than ever, it might make sense for business and political high-fliers to take note.>> We've got our country back.>> The shock Brexit and Trump results interpreted as one symptom of an unequal system.>> I think there's strong evidence that those ruptures in our political system are in part to do with growing inequality.
00:01:04
People are feeling less involved in the success of their nation and their society and more and more dissatisfied with the status quo.>> Oxfam also blames companies that dodge taxes and squeeze workers' wages. It says new data from China and India suggest the problem of inequality is worse than feared.
00:01:23
In principle, Davos could be just the place to tackle such issues. In fact, this year a key theme is responsive and responsible leadership. And the people here certainly have the power to affect change. If they don't, critics will argue it's just more window dressing.