“Behind every great fortune lies a great crime” ... French novelist Honoré de Balzac
No one disputes the fact that the global pandemic threw us all under the bus. Some of us got sick. Some of us lost loved ones. Others lost jobs. Others reaped the benefits. At Inequality.org, journalist Chuck Collins recently shared some statistics concerning the ever-increasing disparity between billionaires and average folks. In a nutshell, the rich not only got richer – they got a lot richer.
Pandemic profiteers like Musk and Bezos made out like bandits and the figures are jaw-dropping. At the start of the pandemic, Tesla CEO Elon Musk was worth about $25 billion dollars; two years into the pandemic his wealth had surged to $255 billion. When last checked – March 18, 2024 – Musk is at $188.5 billion. That’s more than a seven-fold increase in four years.
At the same time, Amazon founder Jeff Bezos’ wealth has soared from $113 billion to 192.8 billion – even after donating tens of billions to charity and paying out tens of billions more in a divorce settlement with his now ex-wife, MacKenzie Scott.
Speaking of Ms. Scott, she’s the only billionaire on the 2020 top 15 wealthiest Americans list to see a decline in her wealth decline from a net worth of $36 billion in 2020 to $35.4 billion due to her generous giving to charity. At least someone has their values in check.
In 2022 the U. S. Bureau of Labor Statistics summed up one study of COVID’s impact on those of us who were just trying to keep our heads above the water line:
The pandemic disrupted lower-paid, service-sector employment
most, disadvantaging women and lower income groups at least
temporarily, and this may have scarring effects...Higher-paid
workers tend to gain more from continuing opportunities to
telework. Less-advantaged students suffered greater educational
setbacks from school closures. School and daycare closures
disrupted the work of many parents, particularly mothers. We
conclude that the pandemic is likely to widen income inequality
over the long run, because the lasting changes in work patterns,
consumer demand, and production will benefit higher income
groups and erode opportunities for some less advantaged groups.
The U. S. Bureau of Labor Statistics got it right. Income inequality grew like cancer cells in the course of the pandemic. Collins’ data tells us that in March 2020 the U. S. harbored 614 billionaires worth $2.947 trillion. In March 2024 the number of billionaires had grown to 737 billionaires worth $5.529 trillion.
If not always illegal, this vast increase in billionaires' wealth has deadly consequences.
In 2022 Oxfam International published Inequality Kills, a report detailing how inequality “is contributing to the death of at least 21,000 people each day, or one person every four seconds. This is a conservative finding based on deaths globally from lack of access to healthcare, gender-based violence, hunger, and climate breakdown.”
Oxfam’s International Executive Director Gabriela Bucher made it quite clear just what led to that perilous state of affairs:
Central banks pumped trillions of dollars into financial markets
to save the economy, yet much of that has ended up lining the
pockets of billionaires riding a stock market boom. Vaccines
were meant to end this pandemic, yet rich governments allowed
pharma billionaires and monopolies to cut off the supply to
billions of people. The result is that every kind of inequality
imaginable risks rising. The predictability of it is sickening.
Fixing – or at least ameliorating – inequality is no easy task. The recommendations of the Peterson Institute for International Economics include: governments need to address inequality directly and specifically; taxes and spending programs must be progressive and benefit others than the wealthy; novel approaches must replace tired, by-the-book policy.
Whatever remedies one favors to deal with the obscene inequality of wealth here and elsewhere, the time to act is now. As Oxfam’s Bucher says: “The consequences of it kill.”
The Five Things Fueling the World Refugee Crisis
The refugee crisis is becoming impossible to ignore.
There are currently 68.5 million people in the world who have been displaced because of war or racial/religious persecution. This is the highest this number has been since World War II, and as natural resources and access to clean water begin to dwindle, this number is projected to grow significantly. In response to this issue, the West has begun closing its borders in fear of mass migration. This fear however, is misguided. According to the U.N., most refugees don't go further than the countries neighboring their homelands. Still, the refugee crisis continues to grow unabated, so much so, that it threatens to be the defining marker of the 21st century. It's a multifaceted problem that's very difficult to solve, impossible if the following factors aren't properly addressed. Here's a look at the five major contributors to the world refugee crisis.
War
For the past century, the Middle East has been a warzone. Following the events of 9/11 the United States entered the region, getting embroiled in conflicts in both Afghanistan and Iraq. For the Afghans, war was nothing new. The country has been in a perpetual state of violence since the Saur revolution in 1978. After the civil war, the USSR invaded Afghanistan to help keep the the communist PDPA in power. The PDPA's ideologies didn't align particularly well with the more religious and rurally-based Afghan population. In true Cold War fashion, the U.S. armed the fundamentalist Mujahideen in their fight against the Soviets. The country has been at war ever since and the fighting has resulted in millions of deaths. As a direct result, Afghanistan has the largest refugee population in all of Asia at 2.6 million people.
Things aren't much better on the other side of Iran. Following the U.S. invasion of Iraq, the levant became increasingly destabilized, allowing militant groups like ISIS to proliferate throughout the region. This destabilization also poured into Syria, a country already in the midst of civil war that has left over 13 million in need of humanitarian assistance. Other countries currently in the midst of civil wars include Somalia and Yemen, both of which are dealing with an influx of Al Qaeda insurgents.
Religious/Ethnic/Social Persecution
Despite the fact that genocide and crimes against humanity are forbidden by international law, ethnic and religious persecution persists all over the world. For years, the Sudanese government persecuted the Fur, Masalit, and Zaghawa ethnic groups, systematically killing hundreds of thousands and leaving over one million refugees. Myanmar is dealing with a similar issue, in which the Buddhist majority is attempting to push the Muslim majority out of the country by force. Thousands have been killed, and hundreds of thousands of people have poured over the border into Bangladesh and been forced to stay in overcrowded camps.
Water Shortage
As of right now, the two greatest contributors to the refugee crisis are state sanctioned violence in the form of ethnic persecution and war. 55% of all refugees come from Afghanistan, South Sudan, and Syria. That said, over 1.1 billion people lack access water. Improper sanitation is a problem for 2.4 billion people, exposing them to all kinds of waterborne illnesses. Water scarcity may not play a huge role in today's refugee crisis, but it will almost certainly play a part in the near future. Scarcity, particularly scarcity of essential resources, breeds conflict and civil strife. While the eventual cause of this future refugee crisis will be either war or some sort of persecution, water will have been the catalyst.
Global Warming
As climate change intensifies, many are predicting that it will increase the size and scope of the refugee crisis significantly. The mediterranean region is currently in the midst of its worst drought in over 900 years. On top of this, if global warming continues at the same rate, more than 1 billion people will be living in places where the average temperature is 102˚F. Combine this with the future natural disasters global warming is nearly guaranteed to cause, and a perfect storm is created, leaving millions with no other option but to leave their homes in search of greener pastures. Hurricane Irma and Harvey were just the beginning. As massive ecological disasters become the norm, large swathes of the planet will become uninhabitable.
Famine
Throughout history, famines have caused mass migration and the levels of famine in South Sudan are currently at an unprecedented level. This past January, nearly half the population didn't have enough to eat. Nearby, in Somalia, they are suffering from a similar problem. The thing these two countries have in common is that they're both suffering from droughts, illustrating the ways in which a dwindling water supply can devastate a society's ability to feed itself. Huge amounts of people in the Horn of Africa, Nigeria, and Yemen are currently starving, and they'll probably be clamoring to leave their countries before long.
There are many who would argue that humanity has gotten less violent throughout history, but one look at the headlines and it's easy to prove that this isn't the case. The difference now is that violence doesn't typically occur between powerful nation states–that it's the poorer countries and factions who are left to fight over their limited resources. The death tolls from fighting alone are lower, but regimes are becoming more creative, weaponizing famine and hoarding resources as a means of oppression. These methods have created nearly 70 million refugees so far and when issues like climate change and water shortage come to a head in the next few decades, the refugee crisis is only going to get worse.
Matt Clibanoff is a writer and editor based in New York City who covers music, politics, sports and pop culture. His editorial work can be found in Inked Magazine, Pop Dust, The Liberty Project, and All Things Go. His fiction has been published in Forth Magazine. -- Find Matt at his website and on Twitter: @mattclibanoff