As countless individuals worldwide lost their tasks, billionaires increased their wealth by 27.5?tween April and July.
On March 2, when we were still awakening to COVID-19, I recommended that the world’s action to the unique coronavirus was an extreme example of a transfer of wealth from the young to the old.
At That Time China was part-way through its harsh lockdown of Wuhan; the Diamond Princess had become a drifting jail; and the elderly were being hit hard in Italy. Much of the world was still mostly blissful in ignorance.
8 months later and most of the world has in some method locked down their populations for a time period. As countless people around the globe lost their jobs, billionaires increased their wealth by 275% between April and July. The world’s richest male, Jeff Bezos, increased his wealth by an incredible US$74 billion, helped in part by federal governments forcing Amazon’s rivals to close.
Wish to keep reading about the unequal experiences of the pandemic?
Register your email address to secure free gain access to on a 21- day trial.
About the Author
Adam Schwab is a commentator, business director, and the co-founder of LuxuryEscapes.com. He is also the author of Pigs at the Trough: Lessons from Australia’s Years of Business Greed
Comments
Post a Comment