Reads Category Economy

COVID Has Created a Capitalist Nightmare

On the one hand, hundreds of thousands of small and medium businesses were forced to shut down, triggering one of the worst jobs crises since the Great Depression. On the other, a handful of mega-corporations, particularly in the Big Tech and Big Pharma sectors, have made a killing, raking in hundreds of billions more in “pandemic super-profits”

World’s Richest Men Have More Than Doubled Their Fortunes From £500 Billion to £1.1 Trillion During COVID Pandemic, Report Finds

The world's 10 wealthiest men doubled their fortunes during the first two years of the coronavirus pandemic as poverty and inequality soared, a report said on Monday. Oxfam said the billionaires' wealth rose more during the pandemic than it did the previous 14 years, when the world economy was suffering the worst recession since the Wall Street Crash of 1929

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