Executive Director of Oxfam Tells Audience at World Economic Forum – “COVID Has Been One of the Most Profitable Products Ever”

Oxfam International at the World Economic Forum called for the wealthiest beneficiaries of the COVID pandemic to be taxed to finance childcare, education, and work opportunities for women in Global South, Economic Times reported.

According to Oxfam’s website, “Oxfam: The future is equal,” a global movement of people working together to end the injustice of poverty.

Speaking at Davos Annual Meeting 2022 during Equitable Responses to Ending the Pandemic on Monday, Oxfam International’s executive director Gabriela Bucher said billionaires were arriving at the summit to “celebrate an incredible surge in their fortunes.”

According to a report from CNBC, Buche added, “The pandemic and now the steep increases in food and energy prices have, simply put, been a bonanza for them.”

“Meanwhile, decades of progress on extreme poverty are now in reverse and millions of people are facing impossible rises in the cost of simply staying alive,” Bucher said.

Bucher also mentioned that Covid has been one of the most profitable products.

“Billionaires has been, you know, unprecedented during the pandemic. And there’s been several sectors where that has been mostly concentrated. And one is, in fact, the pharma sectors, because Covid has been one of the most profitable products ever. So that’s one point to discuss in our report,” Bucher said.

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