Largest increase in global poverty since WW2 capitalists profit while the rest of us suffer

#ww2 #global #poverity
The COVID-19 pandemic has had a devastating impact on the global economy, and one of the most concerning outcomes has been the sharp increase in global poverty. According to recent estimates from the World Bank, the pandemic has pushed an additional 150 million people into extreme poverty, which is defined as living on less than $1.90 per day. This represents the largest increase in global poverty since World War II.

While the pandemic has affected people from all walks of life, it has had a disproportionate impact on the most vulnerable and marginalized communities, including women, children, and people living in poverty. Many of these individuals have lost their jobs, businesses, and livelihoods, and have been left struggling to make ends meet.

At the same time, some capitalists have profited from the pandemic, with some large corporations experiencing record profits during this time. This has highlighted the unequal distribution of wealth and resources in our society, and raised questions about the ethics of profiting from a crisis that is causing so much suffering for others.

As we move forward from the pandemic, it's important to address these systemic inequalities and work towards a more equitable and just society. This may involve policies such as increased social safety nets, progressive taxation, and investment in public goods and services. Ultimately, we must work towards a society where everyone has access to the resources and opportunities they need to thrive, regardless of their background or socioeconomic status.

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