World's eight richest people have same wealth as poorest 50%

[Brainspore]

@Daedalus

Once again Oxfam have come out with a report that demonises capitalism, conveniently skimming over the fact that free markets have helped over 100 million people rise out of poverty in the last year alone.

It’s really odd to me that the “rebuttal” here isn’t more coherent.

It also conveniently skips over the question of exactly how those 100 million people found themselves living in poverty in the first place. Are we supposed to credit the free market for every person who rises out of poverty but not blame it for any of the people who sink into it?