It’s not right that the world’s 10 richest people have amassed £400bn since the start of the pandemic while billions struggle
Comparisons are odious, but some are sensational. According to Oxfam, the wealth of the world’s 10 richest individuals has risen by £400bn since the start of the pandemic. That sum could apparently vaccinate every adult on Earth, as well as restore the income lost in 2020 to the world’s poorest people.
These figures emerged on the opening day of the Davos World Economic Forum, which is taking place virtually this year. They have not, I suspect, been peer-reviewed. And since the economic relief so far expended by world governments amounts to a massive $12tn (£9.2tn), it is difficult to believe that another half-trillion would make that much difference. But it is hard to quarrel with the report’s conclusion that current economic policies have enabled “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”.
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