Inequality kills

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MS Columns | The world’s small elite of 2,755 billionaires has seen its fortunes grow more during COVID-19 than they have in the whole of the last 14 years—14 years that themselves were a bonanza for billionaire wealth. READ:

The super rich became super richer and the super poor became super poorer still. Inequality now does more damage than western imperialism of the 19th and 20th centuries.During those two years in the Philippines, the 50 richest Filipino families increased their wealth by 30 percent.At the same time, per pollster Social Weather Stations in 2021, 82 percent of Filipinos became poor –49 percent felt being poor, and another 33 percent counted themselves borderline poor, meaning poor just the same.

These issues are all part of the same, deeper malaise. It is that inequality is tearing our societies apart. It is that violence is rigged into our economic systems. It is that inequality kills. People of Bangladeshi origin were five times more likely to die of COVID-19 compared with the White British population in England during the second wave of the pandemic.

Women’s rights and progress toward gender equality will be hit hard by these austerity measures, amid a crisis that has already set back the goal of achieving gender parity by a whole generation to 135 years, when previously it was 99. Jeff Bezos’ own iconic Marie Antoinette “let them eat cake” moment will forever be more accurately quoted: “I want to thank every Amazon employee and customer because you guys paid for all of this.” The increase in Bezos’ fortune alone during the pandemic could pay for everyone on earth to be safely vaccinated.

 

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