In January every year the conspiracy think-tank Oxfam publishes a report claiming that some number of billionaires own as much as the world's poorest 50%. This year the number they cranked out is 8 – and the top 1% owns more than the rest of the planet combined. Wow, goes every indignant left-leaning person from the Guardian's editors to Social Justice Warriors on every political site across the globe. That's so unfair, and so bad, and capitalism has obviously failed. Oxfam describes the distribution as 'obscene'; here's Max Lawson, Oxfam's head of policy:
There are different ways of running capitalism that could be much, much more beneficial to the majority of people.