All news is selective and none more so than foreign news. On the day Prime Minister Narendra Modi reached Davos, the UK-based Oxfam released what many considered an explosive report. Entitled Reward Work, Not Wealth, the report suggested that “82% of the wealth generated last year went to the richest 1% of the global population, while the 3.7 billion people who make up the poorest half of the world saw no increase in their wealth.” Adding an Indian dimension to the horror story of global inequity, the report added India’s richest 1% garnered as much as 73% of the total wealth generated in the country in 2017.
That the report had an explicitly political objective was made clear by the head of Oxfam India in her press statement: “The billionaire boom is not a sign of a thriving economy but a symptom of a failing economic system. Those working hard… are struggling to fund their child’s education, buy medicines… and manage two meals a day. The growing divide undermines democracy and promotes corruption and cronyism.” Predictably, there was no mention of the numbers that had been lifted out of poverty thanks to the robust growth.
The report got a lot of play in the Indian print media and was flaunted by those who have never reconciled themselves to the end of the socialist raj. But then, sensational reports by activists invariably receive lavish coverage, not least because the messengers of doom are skilled in ‘advocacy’. After all, the prevalence of misery, often real but sometimes exaggerated, constitutes the very rationale of their existence....Read more
Source web page: Times of india