Amidst the havoc of Corona, 10 billionaires created so much wealth that the world’s poverty could end: Oxfam

Coronavirus created a gap between the rich and the poor in the world. (Symbolic picture)

Special things

  • Corona dips deep income inequality
  • Oxfam presents report
  • This report will be kept in Davos Summit

Coronavirus and Economy: Coronavirus has increased the income inequality present in the world in a terrible way, so that its impact will be deeper on education, health and the right to live a better life. The gap between the world’s rich people and those who live in poverty and die in poverty all over the world has deepened dangerously. The non-profit group Oxfam said in a report on Monday. This report will be presented at the Davos Summit happening in Switzerland.

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Titled ‘The Inequality Virus’, the report sharply criticizes the exploitative systems of economies that promote inequality and dictatorship, such as patriarchy, structural apartheid and white supremacy.

This report states that ‘worldwide from March 18 to December 31, 2020, 3.9 trillion dollars in assets of billionaires have increased and during this period the wealth of the world’s 10 first billionaires has increased by $ 540 billion. At the same time, due to the epidemic, crores of people lost their jobs and many people came to the brink of starvation. It is estimated that at least 200 million to 500 million people have become poor during this period.

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The report said that the ‘epidemic has exposed the fact that people in the world depend on a daily income of 2 dollars to 10 dollars – they are just a check away from poverty, that is, they do not get a salary. So they will come to the level of impoverishment. Oxfam said that when there was a travel ban due to coronavirus, the billionaires full of pockets were buying private jets for themselves.

According to the report, ‘Since the inception of Coronavirus, the wealth that the 10 most billionaires in the world have created is to save everyone in the world from poverty and give everyone a Kovid-19 vaccine free’. The report has said, ‘Coronavirus has shown that in the world humanity has no permanent solution to get out of poverty, while allowing billionaires in such a crisis and creating wealth does not make any moral and economic sense. Their assets should be used to save the lives of millions and billions of jobs.


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