On January 20th, in the framework of the World Economic Forum that will take place in Davos, Switzerland, in the coming days, Oxfam presented its annual report entitled “Time for Care.” The document focuses on the growing global inequality as well as the differentiated impact it has on women.
This report reports that globally, the 22 richest men have more wealth than all women in Africa, while 2,153 millionaires enjoy more wealth than 60% of the global population that, in total numbers, means 4.600 billion individuals. The organization stressed that “billions of dollars are in the hands of a small group of people, mainly men” adding that “economic inequality is out of control.” The global pattern is also reflected in Mexico, where the six richest people in the country have more than half of the Mexican population that represents 62.5 million people living in poverty or extreme poverty.
In addition, “women and girls are the ones who benefit least from the current economic system,” said Amitabh Behar, head of Oxfam in India. According to the report, the current economic system is “imperfect and sexist”, which is reflected in the unpaid work of women. Such work includes the care of children, elderly or disabled people and / or the maintenance of the home, among other tasks. In Mexico, women do an average of four more hours of this type of work, equivalent to 1.7 billion pesos or “almost twice the annual mining production”. “We are saving the State millions of pesos that it would have to invest in social spending to be able to create better security systems,” said Rocío Stevens, director of campaigns and communication at the Mexican headquarters of Oxfam.
The organization demands a National Care System financed by progressive wealth taxes. Forcing the richest 1% of the country to a 0.5% tax on their assets, which could generate approximately 92 million pesos and double the budget of the Institute of Health for Welfare (INSABI). “Not even by investing all the taxes that the Mexican State collects could we reach a satisfactory level (of social expenditure) because Mexico collects about 16 percent of GDP [gross domestic product],” said Diego Vazquez, the agency’s research manager. Therefore, it is also positioned in favor of a tax reform in the country and criticizes that the policies promoted by President Andres Manuel Lopez Obrador are minimal compared to what is necessary. “We are not against austerity in terms of savings, of avoiding waste, of making the activity of the State and of public spending efficient, but fundamentally women who are in the lowest income are more highly dependent on the services of the State. The women who are in the highest ten percent are not the ones who were affected by the closure of the nurseries of the Mexican Social Security Institute,” Stevens concluded.
The report underlines that “our economic system is built by rich and powerful men,” said Paul O’Brien of the Political and Defense Division of Oxfam, who stressed that “the richest are clearly manipulating our economy by themselves, starting with the US billionaire president.”
For more information in Spanish:
Tiempo para el cuidado (Oxfam el 20 de enero de 2020)
Trabajo no remunerado en mujeres, eleva desigualdad en México: Oxfam ( La Jornada el 20 de enero de 2020)
Seis mexicanos, con más riqueza que 50% de la población (La Jornada el 21 de enero de 2020)
Desde Davos, Oxfam alerta por la situación de la mujer (El Universal el 21 de enero de 2020)
Los multimillonarios son más ricos que la mitad del planeta: Oxfam (Tiempo México el 20 de enero de 2020)
Oxfam: Los 22 más ricos tienen lo que todas las mujeres de África. “La desigualdad está fuera de control” (Sin embargo el 20 de enero de 2020)
For more information from SIPAZ:
Oaxaca/Chiapas/National: Oxfam Presents Inequality Report (April 9, 2016)
Mexico: poverty increases in the country, especially in urban areas. Oaxaca, Chiapas, and Guerrero continue to have the great number of poor. Campaign for the ratification of PF PIDESC (December 14, 2011)