The group’s report against poverty “Oxfam” published today (Monday) states that the corona crisis has exacerbated global inequality, with the rich already making up for their losses following the plague, while the poor of the world will take years to recover. According to the group, fairer economies are the key to a rapid economic recovery from the crisis.
GodCorona in the world (Photo: Reuters)
In a report titled “Inequality Virus,” the group warned that the corona crisis was the first time inequality had risen in almost any country at the same time.
“The 1,000 richest people on earth have recouped their corona losses in just nine months, but it could take more than a decade for the world’s poorest to recover,” the report said.
The report noted that the ten richest have added many billions to their fortunes since the beginning of the epidemic: Elon Musk added $ 126 billion to his fortune, Bezos added $ 78 billion, Zuckerberg grew another $ 45 billion and Bill Gates added $ 22 billion to his fortune. The data were taken from Forbes 2020’s list of billionaires and Credit Suisse’s wealth data to investigate the plague’s financial impact on the world’s richest.
The researchers sought to highlight the fact that the impact of the virus is being felt unevenly, with ethnic minorities in some countries dying at higher rates and women being over-represented in the sectors most severely affected by the crisis.
The report argues that “the fight against inequality must be at the heart of economic rescue and recovery efforts” and recommends investing in public services, funded by a tax system in which the richest individuals and corporations pay their fair share.