DAVOS, Switzerland (AP) – The latest developments from Davos, where the World Economic Forum is holding its annual meeting (all times local).
11:15 a.m.
The executive director of Oxfam International says ordinary people are losing faith in their political leaders and see them “as being in a cosy bed with business and cheating the ordinary person.”
Increasingly, Winnie Byanyima says, average citizens are looking for solutions that are “outside the mainstream of politics.” She spoke in the week that Oxfam published a report showing that just 62 people owned as much wealth as half of humanity, down from 80 in a similar report a year before.
In an interview with The Associated Press at the World Economic Forum in the Swiss ski resort of Davos, Byanyima said Oxfam will assess whether it will attend such events in the future, if nothing is done to combat the problems of inequality that Oxfam is fighting. Byanyima co-chaired last year’s Davos gathering, and Oxfam is among several NGOs involved in forum activities.