Thread by @NabsIMA

We risk seeing the biggest rise in inequality *since records began*

The world's 10 richest billionaires -all men- are over *half a trillion* dollars richer since March

This ain't a drill. New @Oxfam report out now as Davos kicks off

Bloomberg👇. THREAD bloomberg.com/news/articles/…

Those ten billionaires? That's half a trillion RICHER since March. They were already immensely rich

Half a TRILLION you ask? That's more than enough to pay for a COVID19 vaccine for us all and to ensure *no one's* pushed into poverty by the pandemic cbsnews.com/news/oxfam-bil…

2/10

At the bottom, a profoundly different story.

The data shows it could take *more than a decade* for *billions of the world’s poorest people* to recover from the pandemic's economic hit.

It's people struggling to pay the bills, put food on the table edition.cnn.com/2021/01/24/eco…

3/10

So our economy is designed this way: entrenching billionaire wealth at the expense of the dignity of billions of people.

COVID19 exacerbating these huge inequalities

A mega-rich few are almost living on a different planet. Some of 'em might be soon bloomberg.com/news/features/…

4/10

At the heart of inequality?

How white supremacy, elitism & patriarchy conspire at the root of our economy

Economies the🌍over rigged against the poor
Against marginalized racial & ethnic groups
Against women

We must get this if we're to go forward

5/10 aljazeera.com/economy/2021/1…

Any economic analysis without a race, gender or class lens is incomplete. Consider

22,000 Black & Hispanic people in 🇺🇸 would still be alive if they had the same COVID mortality rates as white people

Afro-descendants in 🇧🇷 40% more likely to die of COVID than white people

6/10

It can feel darn hard to hope.

But the strength of movements - climate strikers, #BlackLivesMatter, of inequality activists - guide the way.

A few governments too like South Korea, Sierra Leone, New Zealand show action is possible

Some biz too 🙃

https://twitter.com/NabsIMA/status/1352197318326571009

7/10

Best put: as @DarrickHamilton writes in his Foreword to @Oxfam's #InequalityVirus report: "we need a policy response that is anti-racist, anti-sexist and one that actively reduces the gap between rich and poor, especially across race and ethnicity"

oxfamilibrary.openrepository.com/bitstream/hand…

8/10

We know what policies bust inequality

We have the evidence. We know what works well

A #PeoplesVaccine first. Universal healthcare, education, social protection. Progressive tax. Value care. Reduce the emissions of the rich. Guarantee income security

Isn't rocket science

9/10

There's surely no other way

There's no hiding from the great divide

We don't want to see where this road ends up do we?

Lets instead make equality core to 21st century, common-sense economic decision-making

More today on this brill panel 19:30 CET
ENDS weforum.org/events/the-dav…