According to a new report by Oxfam, ‘The Inequality Virus’, the wealth of the world’s billionaires increased by $3.9tn (trillion) between 18 March and 31 December 2020. Their total wealth now stands at $11.95tn. The world’s 10 richest billionaires have collectively seen their wealth increase by $540bn over this period. In September 2020, Jeff Bezos could have paid all 876,000[Read More...]
“When the laws undertake to make the rich richer and the potent more powerful, the humble members of the society have a right to complain of the injustice to their government.” — President Andrew Jackson P B Shelly invoked an injunction from the Bible to explain the effect of capitalism in widening the gap between haves and have-nots. “The rich get richer[Read More...]
Written by Bharat Dogra& Kumar Gautam India is known to have a highly unequal health system which creates problems even in normal times. However, in Covid times these problems created by inequalities and unequal access in health systems were greatly accentuated , reinforcing the need to reduce inequalities in health system. A report by Oxfam released very recently on January[Read More...]
The coronavirus pandemic and the subsequent lockdown in India made the rich richer said a report by Oxfam. The report – titled The Inequality Virus – said the wealth of the country’s billionaires increased by an estimated 35 per cent during the lockdown, while 84 per cent of households suffered varying degrees of income loss, and 1.7 lakh people lost[Read More...]
Written by Bharat Dogra and Kumar Gautam An important report prepared by Oxfam titled ‘The Inequality Vitus’ ( as also its India supplement), released on January 25, has made a strong case for the economic recovery path to be led by reduction of inequalities. Similarly it argues that for strengthening the crucial health and education sectors inequalities in these sectors[Read More...]
