The report was titled “The Inequality Virus” and was published on the opening day of the World Economic Forum’s (WEF) ‘Davos Agenda.’
According to Oxfam:
The report shows that COVID-19 has the potential to increase economic inequality in almost every country at once, the first time this has happened since records began over a century ago. Rising inequality means it could take at least 14 times longer for the number of people living in poverty to return to pre-pandemic levels than it took for the fortunes of the top 1,000, mostly White male, billionaires to bounce back.
A new global survey of 295 economists from 79 countries, commissioned by Oxfam, reveals that 87 percent of respondents, including Jeffrey Sachs, Jayati Ghosh and Gabriel Zucman, expect an ‘increase’ or a ‘major increase’ in income inequality in their country as a result of the pandemic.
Oxfam’s report shows how the rigged economic system is enabling a super-rich elite to amass wealth in the middle of the worst recession since the Great Depression while billions of people are struggling to make ends meet. It reveals how the pandemic is deepening long-standing economic, racial and gender divides.
Collective-evolution reports: A lot of these issues come as a result of the measures taken to combat covid, which have come under fire by many scientists, academics, doctors and journalists. Again, information, evidence, data and opinions of these people has been completely silenced. Professor Anna-Mia Ekström and Professor Stefan Swartling Peterson, for example, have gone through the data from UNICEF and UNAIDS, and came to the conclusion that at least as many people have died as a result of the restrictions to fight covid as have died of covid. A group of doctors and scientists published an essay for the American Institute for Economic Research explaining and presenting the data as to why they believe lockdowns are not only harmful, but useless to combat COVID. These are two of many examples.
Lack of access to health care, economic implications and more have experts suggesting that lockdown measures will kill well over one hundred million people and push even more to the brink of starvation. According to Oxfam, the pandemic has ushered in the worst job crisis in over 90 years with hundreds of millions of people now underemployed or unemployed.
Billionaires fortunes rebounded as stock markets recovered despite continued recession in the real economy. Their total wealth hit $11.95 trillion in December 2020, equivalent to G20 governments’ total COVID-19 recovery spending. The road to recovery will be much longer for people who were already struggling pre-COVID-19. When the virus struck over half of workers in poor countries were living in poverty, and three-quarters of workers globally had no access to social protections like sick pay or unemployment benefits.
The report does mention the benefits of vaccines, and that the covid vaccines are not being fairly distributed. It speaks of the vaccine as a life saving intervention, but does not mention that fact that this is a virus with a 99.95 percent survival rate in people under the age of 70, and that other interventions like vitamin C, Zinc, Hydroxychloroquine and Ivermectin have shown great success and efficacy. Vaccine hesitancy, especially with regards to the covid vaccines, is on a sharp rise among people, doctors and scientists. Again, the mainstream doesn’t seem to do an adequate job of covering information like this. Big Tech fact checkers censor any type of information that doesn’t paint vaccines in a positive light, and all those who raise concerns, no matter how legitimate, seem to be labelled as “anti-vax conspiracy theorists” and are constantly ridiculed. It would be great if the mainstream actually brought these concerns to light and addressed them in a civil manner.
Early on in the pandemic a report from the Institute for Policy Studies found that, while tens of millions of Americans have lost their jobs during the coronavirus pandemic, America’s ultra-wealthy elite have seen their net worth surge by $282 billion in just 23 days. This is despite the fact that the economy is expected to contract by 40 percent this quarter. In turns they were correct.
The Institute for Policy Studies’ report shows something nothing short of a modern day oligarchy, where the super-rich have captured so much power and control, including controlling what laws are passed. These are the “decision-makers” of our world while we all are glued to to the T.V. see what they “command” next, not realizing that we the people have the most “power.” “Their” power comes from our compliance, and our compliance comes from their ability to shape our perception of this issue. The report discusses what it labels a new “wealth defense industry” – where “billionaires are paying millions to dodge billions in taxes,” with teams of accountants, lawyers, lobbyists and asset managers helping them conceal their vast fortunes in tax havens and so-called charitable trusts. The result has been crippled social programs and a decrease in living standards and even sustained drop in life expectancy – something rarely seen in history outside of major wars or famines.
