According to the inequality report published by the London-based international humanitarian organization Oxfam, the Covid-19 epidemic has magnified economic inequality worldwide.
The report said, “While the richest 1000 people on the planet can recover their losses due to Covid-19 in just 9 months, the economic recovery of the world’s poorest may take more than ten years.” It was stated that economic inequality was exacerbated simultaneously in all countries, and it was noted that this happened for the first time in a century.
The report prepared by Oxfam by referring to the views of approximately 300 economists from 79 countries is titled “The Inequality Virus”. The report was shared with public at the opening of the Davos World Economic Forum, which was held digitally for the first time this year.
According to the Oxfam report, the total wealth of billionaires around the world increased by $ 3.9 trillion between March 2020 and December 2020 to $ 11 trillion 950 billion. The wealth of the 10 richest people in the world, including names such as Jeff Bezos, Bernard Arnault, Bill Gates, Mark Zuckerberg, increased net worth of $ 540 billion in the same period. In the report, it was stated that this total is sufficient for the vaccination of the entire world population and for no one to fall into poverty due to the epidemic.
Oxfam’s report shows how the corrupt economic system allowed the super-rich group to collect wealth during the worst recession since the Great Depression, while billions of people struggled to survive.
The 10 richest men in the world have increased their total wealth by half a trillion dollars
The economic recession has ended for the richest people in the world. The 10 richest men in the world have increased their total wealth by half a trillion dollars since the beginning of the epidemic; This money is more than enough to ensure that everyone has access to the Covid-19 vaccine and that no one is driven into poverty due to the epidemic. At the same time, the pandemic has brought the worst unemployment crisis of the last 90 years. Hundreds of millions of people are either unemployed or in jobs where they do not earn income at subsistence level.
Women were the most affected
Once again, women were the most affected. Globally, women work more than men in low-paid and precarious jobs, which have been hit hardest by the epidemic. If the proportion of women and men working in these sectors were equal, 112 million women today would not be at risk of losing their jobs and income.