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New Agenda: South African Journal of Social and Economic Policy

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Why inequality matters: a critique of the Free Market Foundation

Michael Nassen Smith, Carilee Osborne, Rekang Jankie

Abstract


In January 2018, Oxfam released its report on global inequality as the World Economic Forum gathered in Davos, Switzerland. In response, the Free Market Foundation (FMF) criticised  Oxfam on several grounds, but essentially argued that those living in poverty stand to gain from the increasing number of billionaires. IFAA staff responded by publishing an article in the Daily Maverick exposing the weakness of the FMF claims, and saying that Oxfam should be praised for continuously alerting the global public to the threat that rising inequality poses to social and political stability.




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