Inequality virus: Pandemic widens wealth gap for women, people of colour as billionaire profits soar

As the wealth of US billionaires soars by over a trillion dollars during the pandemic, Oxfam is warning Covid-19 could lead to the biggest increase in global inequality on record. A new Oxfam report finds it could take more than a decade for poor people to recover from the health and economic crisis, and urges governments to take immediate action. Democracy Now! reports.

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Gursharan Singh
Gursharan Singh
28 Jan 2021 11.55am

Wealth under control of billionaires continues to rise while number of poor people also continue to rise even during COVID19 pandemic!!

Consequences may be a few individuals owning a few mega companies may be able to influence government policies as politicians being in power may be due to political donations by these few billionaires to whom they may be indebted and thus the politicians cannot afford to displease.

Is inequality during pandemic resulting in widening of wealth gap for billions of ordinary people of any gender-color-country-society to be expected as politicians in power may be unable to do anything due to politicians in power [including in developed countries] being indebted to the financiers for their positons ?

Bless all