Inequality Virus: Pandemic Widens Wealth Gap for Women, People of Color as Billionaire Profits Soar

As the wealth of U.S. billionaires soars by over a trillion dollars during the pandemic, Oxfam is warning COVID-19 could lead to the biggest increase in global inequality on record.

A new Oxfam report finds it could take more than a decade for poor people to recover from the health and economic crisis, and urges governments to take immediate action.

“In every country that we looked at, inequality has gotten worse during the pandemic,” says Paul O’Brien, Vice President of Oxfam America.

“All around the world now, we are seeing folks struggling on the wrong end of inequality while those who have been the beneficiaries of our broken economic system have done quite well.”

Democracy Now! produces a daily, global, independent news hour hosted by award-winning journalists Amy Goodman and Juan González.

Our reporting includes breaking daily news headlines and in-depth interviews with people on the front lines of the world’s most pressing issues.

On DN!, you’ll hear a diversity of voices speaking for themselves, providing a unique and sometimes provocative perspective on global events.

Missed an episode? Check out DN on FSTV VOD anytime or visit the show page for the latest clips.

#FreeSpeechTV is one of the last standing national, independent news networks committed to advancing progressive social change.

#FSTV is available on Dish, DirectTV , AppleTV, Roku, Sling, and online at freespeech.org.