You don’t need the Socialist Party to tell you that coronavirus will change the world. Nor do you need politicians bought and paid for telling you that things will be fine in the end. The failures of the capitalist system and governments have been exposed. Many understand that there can be no “back-to-normal.”
We should recognise that unless we get to the root causes of this pandemic, it’s going to recur, perhaps even in a worse form. Those who benefit from the capitalist system will re-create circumstances for a new pandemic.The pandemic can be a catalyst for change. In this unprecedented moment in history, many fear for the future but while we are going through a traumatic period of time, we should see this crisis as an opportunity to go forward to a new sort of society. We are living when events could engender a sense of reawakening of people-power. If we want to disrupt the inequalities that we are witnessing today that requires free access to the necessities of life as an indisputable human right for the benefit of all. That vision will become more and more a likely in the future.
Jeff Bezos now has a fortune of $138bn.
The boss of Amazon has seen his wealth swell by $24bn (£19bn) after soaring demand for online shopping sent the firm’s share price to a new high.
The Waltons, owners of Walmart and Asda saw their net worth rise 5% this year to $169bn, making them the world’s richest family.
“The wealth gap, it’s only going to get wider with what’s going on now,” said Matt Maley, chief market strategist at Miller Tabak + Co. “The really wealthy people haven’t had to worry. Yes, they’re less wealthy, but you haven’t had to worry about putting food on the table or keeping a roof over your head. The unfairness of it all is who is going to benefit from it most,” Maley said. “Money makes money.”
UBS Group AG is seeing ultra-wealthy clients ramp up borrowing to place more wagers in what they see as a cheap market.
Mortgage brokers to the rich have said more clients are seeking loans backed by real estate to help them invest in businesses and snap up other assets.
Jeff Bezos now has a fortune of $138bn.
The boss of Amazon has seen his wealth swell by $24bn (£19bn) after soaring demand for online shopping sent the firm’s share price to a new high.
The Waltons, owners of Walmart and Asda saw their net worth rise 5% this year to $169bn, making them the world’s richest family.
“The wealth gap, it’s only going to get wider with what’s going on now,” said Matt Maley, chief market strategist at Miller Tabak + Co. “The really wealthy people haven’t had to worry. Yes, they’re less wealthy, but you haven’t had to worry about putting food on the table or keeping a roof over your head. The unfairness of it all is who is going to benefit from it most,” Maley said. “Money makes money.”
UBS Group AG is seeing ultra-wealthy clients ramp up borrowing to place more wagers in what they see as a cheap market.
Mortgage brokers to the rich have said more clients are seeking loans backed by real estate to help them invest in businesses and snap up other assets.
The lockdown has forced some, such as the self-employed, into contact with the UK’s decimated welfare system for the first time.
There are millions who will be preoccupied tending to more pressing material concerns: is there food in the cupboard? How will they pay rent? Are their children safe? This is a national crisis – just not the one we’re hearing about.
https://www.theguardian.com/commentisfree/2020/apr/15/britain-coronavirus-crisis-inequality-hungry-domestic-violence
Amazon customers are spending almost $11,000 a second on its products and services.
Its owner, Jeff Bezos, reinforcing his position as the world’s richest person with a fortune of $138bn.
While most businesses have been hit hard by the impact of the pandemic and the looming recession, shares in Amazon have risen to a record high as hundreds of millions people stuck in lockdown conditions turn to the delivery giant to keep them fed and entertained. The shares continued to climb on Wednesday and were changing hands at $2,295. One month ago they were changing hands at $1,689.
Joshua Warner, an analyst at the London-based online trading firm IG Index, said:
“Amazon stock has rocketed to a new record high,” he added. “Of all the firms that might stand to benefit, Amazon is a clear winner.”
Other expanding fortunes