Pandemic creates new billionaire every 30 hours — now a million people could fall into extreme poverty at same rate in 2022
23 May 2022
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For every new billionaire created during the pandemic — one every 30 hours — nearly a million people could be pushed into extreme poverty in 2022 at nearly the same rate, reveals a new Oxfam brief today. “Profiting from Pain” is published as the World Economic Forum — the exclusive get-together of the global elite in Davos — takes place for the first time face-to-face since COVID-19, a period during which billionaires have enjoyed a huge boost to their fortunes.
Oxfam urges the Colombian government to close the loopholes that allowed Cargill – the world’s largest agricultural commodity trader – to acquire over 52,000 hectares of land in Colombia’s Altillanura region through 36 shell companies between 2010 and 2012.
The world’s largest commodity traders have a significant impact on the modern agri-food system.