The world could soon have its first trillionaire, according to a prominent anti-poverty organization. That's pretty cool. But Oxfam—which started as a famine relief group before mission creep set in—portrays the achievement of a new nominal benchmark in wealth as a bad thing that contributes to the misery of the masses. Through impressive economic illiteracy, the organization's recent report on inequality and poverty manages to misdiagnose the world's ills and prescribe dangerous and counterproductive remedies.
