As the world’s elite met in the Swiss Alps of Davos for their economic forum charade, the latest Oxfam report on wealth inequality revealed capitalism’s true face.

The world’s 12 richest individuals, ten of whom live in the United States, own more wealth than four billion people—half the world’s population.

One in four people face moderate or severe food insecurity, including regularly having to skip meals, and 2.8 billion people lack adequate housing. Food insecurity has increased by 43% since 2015, while billionaire wealth has increased by 81% since March 2020.

Such obscene levels of wealth inequality are inherent to capitalism, a system built on greed, oppression, and exploitation. Jeff Bezos spent $5.5 billion to be in space for five minutes, while in the US, 200,000 people a day are forced to sell their plasma to make ends meet.

Marx correctly explained that the accumulation of wealth at one pole is the accumulation of misery, slavery, brutalization, and moral degradation at the opposite pole. The source of all wealth is the labor of the working class acting on nature; but it’s the parasitic layer at the top of society that gets to enjoy those riches. The ruling class is ripe for overthrow.