As many of the world’s wealthiest people wrap up virtual talks today at the World Economic Forum based in Davos, Switzerland, Oxfam reports the incomes of 99% of the world’s population dropped during the pandemic while the world’s 10 richest men saw their wealth double.

Meanwhile, vaccine profits have minted at least nine new billionaires at Moderna, BioNTech, and China’s CanSino, amassing a combined new wealth of over $19 billion. Democracy Now! speaks with New York Times global correspondent Peter Goodman, author of the new book “Davos Man: How the Billionaires Devoured the World.” Goodman says billionaires’ championing of “stakeholder capitalism” is ruining U.S. democracy, and attributes the Omicron variant to “our unwillingness to challenge patents.”

 

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“stakeholder capitalism” Amy Goodman BioNTech China Juan Gonzalez Moderna Omicron Variant Oxfam Pandemic Peter Goodman Switzerland World Economic Forum