Oxfam: 'Oligarchy' of super-rich undermining cooperation to tackle poverty, climate change

FILE - An inflatable representing a private jet is displayed by activists outside the European Parliament in Brussels, April 11, 2024, urging lawmakers to impose more taxes on Europe’s wealthiest.

As world leaders gather for the annual United Nations General Assembly in New York this week, the charity Oxfam says they are being undermined by what it calls a “global oligarchy” of the super-rich who exert considerable control over the global economy – and who it blames for exacerbating problems like extreme inequality and climate change.