Corporate power is out of control. For far too long, we’ve let giant corporations determine how the rest of us live. Who holds power today affects whether workers earn enough to feed their families, whether we act effectively to combat the climate crisis, whether women have the same opportunities as men, whether we invest enough in schools and hospitals, and whether lawmakers in Washington, DC, actually listen when we speak.
Today these corporations exercise economic and political power at magnitudes that would frighten and bewilder the founding architects of our democracy. But the promise of America, in reality, is that We the People hold the power.
That’s why Oxfam’s mission is to fight inequality to end poverty and injustice. Together with our supporters, we reject the extreme concentration of wealth and power that drives inequality, and we challenge billionaires, corporations, governments, and international financial institutions every day to do better.
The state of corporate power and inequality
The number of rich white men who hold the same wealth as 160 million people.
The amount that CEO compensation pay has grown since 1978, while compensation for workers has only increased by 12 percent.
The amount of taxes paid by the 55 largest corporations based in the US in 2020.