New Zealand’s richest man, Graeme Hart, made $3.4 billion during the Covid-19 pandemic, reinforcing the urgent need for a wealth tax to help fix inequality, an Oxfam manager says.
Hart’s added wealth is revealed in a new Oxfam report which is part of wider research tracking global wealth.
The report concludes that a rigged economic system is enabling the super rich to grow their fortunes amidst the worst recession since the Great Depression of the 1930s.
…and Economic Nationalism…
European Union’s new controls on Covid-19 vaccine exports could mean there are not as many doses available in New Zealand.
The EU has introduced new rules and controls for vaccines made inside the EU and bound for countries outside the EU, including the Pfizer and AstraZeneca vaccines.
Prime Minister Jacinda Ardern said at a press conference yesterday that what the EU was doing was “wrong” and that she was “deeply concerned.”
“The world cannot afford vaccine nationalism right now,” she said.
…are two of the byproducts of the Pandemic that we urgently need to address.
Right now there are 22,000 desperate Kiwi’s waiting on social housing lists and 1 in 5 children live in poverty. Globally this type of inequality is spreading not decreasing.
- In 2010, the 388 richest individuals owned more wealth than half of the entire human population on Earth
- By 2015, this number was reduced to only 62 individuals
- In 2018, it was 42
- In 2019, it was down to only 26 individuals who own more wealth than 3.8 billion people.
This isn’t democracy, it’s fast becoming a feudal plutocracy!
The economic nationalism that Jacinda decries is a counter to the free market neoliberal settings her Government adores. Why have we allowed NZ to get to a position where we have no pharmaceutical industry whatsoever to do just the basics?
Labour refuses to acknowledge that climate change or the pandemic means an end to the free market mantras they mouth.
This pandemic is the death knell to free market mythology, it is growing inequality and it is demolishing a Nations capacity to protect the people.
We need new visions forwards, the neoliberal policy settings are too corrupted now.
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