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NUMBER OF BILLIONAIRES INCREASE IN LATIN AMERICA

Poverty and unemployment increase in Latin America while the income and number of billionaires also increase in the pandemic process.

NUMBER OF BILLIONAIRES INCREASE IN LATIN AMERICA
Yazar: Tom Roberts

Yayınlanma: 28 Temmuz 2020 23:00

Güncellenme: 5 Kasım 2024 23:28

NUMBER OF BILLIONAIRES INCREASE IN LATIN AMERICA

According to the international non-governmental organization Oxfam, which is known for its efforts against poverty, poverty and unemployment increase in Latin America while the income and number of billionaires also increase in the pandemic process. According to the news in the Voanews ; The report, which was published yesterday by the organization based in England, stated that between March and June, 73 billionaires in Latin America increased their fortunes by $ 48.2 billion. The study includes information that Brazilian 42 billionaires have increased their fortunes by $ 34 billion over the past 4 months to $ 157.1 billion and increased the assets of Chile's 7 richest billionaires by 27%. A striking detail in the report is that, despite the quarantine in Latin America throughout the second half of March, a new billionaire was born every two weeks in the pandemic process in the region.
In the last four months, three companies from Brazil and Peru and one company from Argentina and Chile have joined the billionaire caravan, operating in different sectors from cosmetics to banking and food to e-commerce.
Oxfam says that in Latin America, where social injustice is most intense, the wealthy is immune to the economic crisis created by the pandemic.
With a population of over 600 million, Latin America has become the region with the highest number of corona cases in the world as of Sunday. The World Health Organization is considered to be among the high-risk areas due to the 4.3 million cases, the region where the loss of life exceeds 184 thousand, the inadequate health system and the socio-economic problems it faces, and international institutions are calling for emergency assistance to the region.
With the pandemic, the United Nations (UN) predicts that the number of poor in the region will reach 231 million, the number of unemployed will reach 44.1 million and the number of people living below the hunger limit will reach 70 million. This means that one out of every three people in the region is poor, one out of eight are unemployed, and one out of nine cannot be fed enough to consume the minimum amount of energy needed to meet their daily needs.
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