Millions Forced Into Extreme Poverty While the Ultra-Rich Profited From the Pandemic

Millions Forced Into Extreme Poverty While the Ultra-Rich Profited From the Pandemic

Millions Forced Into Extreme Poverty, While the Ultra-Rich Profited, From the Pandemic.

A new report from Oxfam International highlights the growing disparity between the few ultra-rich and the world's poorest.

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According to the report, a new billionaire was created every 30 hours of the first two years of the COVID-19 pandemic.

573 of the world's richest individuals became , billionaires in that two-year time frame.

The super-rich have rigged the system with impunity for decades and they are now reaping the benefits, Gabriela Bucher, Executive director of Oxfam International, via 'Fast Company'.

They have seized a shocking amount of the world’s wealth as a result of privatization and monopolies, gutting regulation and workers’ rights while stashing their cash in tax havens— all with the complicity of governments, Gabriela Bucher, Executive director of Oxfam International, via 'Fast Company'.

'Fast Company' reports that Oxfam predicts a million people to fall into extreme poverty every 33 hours in 2022.

This means that, 263 million people will fall into, extreme poverty in 2022 alone.

People everywhere are facing rising costs of living, which includes everything from the price of food to the price of energy.

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Oxfam warns that the billionaires who control these assets will profit while hundreds of millions of people around the world are forced into poverty.

Meanwhile, millions of others are skipping meals, turning off the heating, falling behind on bills and wondering what they can possibly do next to survive, Gabriela Bucher, Executive director of Oxfam International, via 'Fast Company'.

Across East Africa, one person is likely dying every minute from hunger.

This grotesque inequality is breaking the bonds that hold us together as humanity.

It is divisive, corrosive and dangerous.

This is inequality that literally kills, Gabriela Bucher, Executive director of Oxfam International, via 'Fast Company'