The latest in a series of annual reports from Oxfam, detailing the level of economic inequality in our world, is a striking example of Marx’s prediction that capitalism concentrates wealth in fewer and fewer hands. Oxfam’s statistics demonstrate that the capitalist system is not sustainable.

As in Britain, millions of Americans have been battered by the economic crisis, suffering from low-paid jobs and falling living standards. As a result, Bernie Sanders’ campaign, with his call for a “politcal revolution against the billionaire class” is gaining a massive echo amongst workers and youth across the United States and beyond.

The landslide victory of Bernie Sanders in the New Hampshire primary produced shock waves. After narrowly losing in Iowa, Sanders beat Clinton by a margin of more than 20 percentage points in Tuesday’s election. This result has produced bewilderment among the commentators. It was something that was not supposed to happen.