Research by #OXFAM reveals #COVID created a new billionaire every 30 hours and "nearly a million people could be pushed into extreme #poverty in 2022 at nearly the same rate".
"#Billionaires are arriving in #Davos to celebrate an incredible surge in their fortunes. The #pandemic and now the steep ['#inflation'] has, simply put, been a bonanza for them. [Their] wealth has risen more in the first 24 months of #COVID19 than in 23 years combined."
> [C]orporations in the energy, food and pharmaceutical sectors (…) are posting record-high profits, even as wages have barely budged and workers struggle with decades-high prices (…). Fortunes of food and energy billionaires have risen by $453 billion in the last two years, equivalent to $1 billion every two days. Five of the largest energy companies (#BP, #Shell, #TotalEnergies, #Exxon and #Chevron) are (…) making $2,600 profit [per] second. [There] are now 62 new food billionaires.
> Apple, Microsoft, Tesla, Amazon and Alphabet (…) made $271 billion in profit in 2021, 94% ($131 billion) higher than 2019, prior to the pandemic.
#dotCons #apPlE #mIcRosOft #tEsLa #amAZON #AlPHabet #goOGlE #ElONmUSk #cantillionEffect #moneyPrinterGoDrr #sTARlInk #bidensWar #militaryContractors
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