Small Notes – We die of a pandemic, but the elites get rich


While the coronavirus scourge sows panic and poverty among the lower and middle classes, with poverty that will increase, it favors the affairs of the billionaires. This was revealed by an Inequality study, which analyzed what is happening in the United States.

While the pandemic in America caused a dramatic increase in the number of unemployed, “the wealth of US billionaires has increased by $ 434 billion, an increase of 15%”.

“[…] In these two months the combined assets of Jeff Bezos and Mark Zuckerberg alone have grown by nearly $ 60 billion ”

“Between March 18 and May 19, the total net worth of over 600 US billionaires rose from $ 2.948 trillion to $ 3.338 trillion. In March, there were 614 billionaires on the Forbes list. Two months later their numbers rose to 630 ”

“Despite falling markets, Elon Musk’s wealth has increased by $ 3.5 billion in the past week […]. Jeff Bezos’ wealth increased by $ 900 million and Eric Yuan saw his wealth increase by $ 800 million. Mike Bloomberg has seen his wealth grow by $ 400 million. ”

Needless to say, the mortality due to the virus follows the same trend, as billionaires were able to easily avoid contagion by retiring to their august mansions or on private islands.

Obviously, the Inequality estimates concern the personal assets of the billionaires, that is, they do not take into account the accumulation of wealth occurred in other ways, that is, through companies, financial companies, etc.

And of course, the phenomenon is not confined to the United States, as the pandemic presents opportunities for all the elites on the planet.

This disparity of outcomes between rich and poor is given by a capitalist structure whose limits have been known for some time, given that for some time the phenomenon of the drainage of economic resources from the bottom up has been proceeding without interruption, despite the demands of a reform of an obviously ill system.

No, the pandemic is not for everyone, nor is it ’Level of Totò. Rather.

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