Millions Forced Into Extreme Poverty, While the Ultra-Rich Profited, From the Pandemic.<br />A new report from Oxfam International <br />highlights the growing disparity between <br />the few ultra-rich and the world's poorest. .<br />According to the report, a new billionaire <br />was created every 30 hours of the <br />first two years of the COVID-19 pandemic.<br />573 of the world's richest individuals became , billionaires in that two-year time frame.<br /> The super-rich have rigged the system <br />with impunity for decades and they <br />are now reaping the benefits, Gabriela Bucher, Executive director <br />of Oxfam International, via 'Fast Company'.<br />They have seized a shocking <br />amount of the world’s wealth as <br />a result of privatization and monopolies, <br />gutting regulation and workers’ rights <br />while stashing their cash in tax havens—<br />all with the complicity of governments, Gabriela Bucher, Executive director <br />of Oxfam International, via 'Fast Company'.<br />'Fast Company' reports that Oxfam <br />predicts a million people to fall into <br />extreme poverty every 33 hours in 2022.<br />This means that, 263 million people will fall into, extreme poverty in 2022 alone.<br />People everywhere are facing rising <br />costs of living, which includes everything <br />from the price of food to the price of energy. .<br />Oxfam warns that the billionaires who control these assets will profit while hundreds of millions of people around the world are forced into poverty.<br />Meanwhile, millions of others are <br />skipping meals, turning off the heating, <br />falling behind on bills and wondering <br />what they can possibly do next to survive, Gabriela Bucher, Executive director <br />of Oxfam International, via 'Fast Company'.<br />Across East Africa, one person is likely <br />dying every minute from hunger. <br />This grotesque inequality is breaking <br />the bonds that hold us together as humanity. <br />It is divisive, corrosive and dangerous. <br />This is inequality that literally kills, Gabriela Bucher, Executive director <br />of Oxfam International, via 'Fast Company'
