The global rich are gathering @WEF, Davos – a self-styled international organization for public and private partnership – after a two-year COVID gap.
@WEF billionaires celebrate the surge in their pandemic fortunes acquired with the steep increase in food and energy prices. During the pandemic, 573 people became new billionaires @one every 30 hours.
Decades of progress on extreme poverty is reversed. Millions are paying the cost for staying alive. This year 263 million more people will crash into extreme poverty @ a million every 33 hours.
Today’s wealth of the world’s billionaires is 13.9% of global GDP. In 2000 it was 4.4%. 3-fold increase! The system is rigged through privatization and monopolies, gutting regulation and workers’ rights while stashing cash in tax havens – with governmental help. World’s 2,668 billionaires own $12.7 trillion, an increase of $3.78 trillion. The world’s ten richest men own more than the bottom 40% of humanity, 3.1 billion people!
One hunger death per minute. The starving millions are wondering what they can possibly do next to survive. This inequality has broken the human bonds. It is killing. (Oxfam International).