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    Power, Profits and the Pandemic: From corporate extraction for the few to an economy that works for all

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    Author(s)
    Gneiting, Uwe
    Lusiani, Nicholas
    Tamir, Irit
    Publication date
    2020-09-10
    Subject
    Economics
    Gender
    Governance and citizenship
    Health
    Inequality
    Private sector
    Rights
    Trade
    Keywords
    Coronavirus
    Inequality
    Business
    Profit
    Labour rights
    Corporations
    Human rights
    
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    Publisher(s)
    Oxfam
    Document type
    Briefing paper
    Description

    The worsening inequality crisis triggered by COVID-19 is fuelled by an economic model that has allowed some of the world’s largest corporations to funnel billions of dollars in profits to shareholders giving yet another windfall to the world’s top billionaires, a small group of mostly white men. At the same time, it has left low wage workers and women to pay the price of the pandemic without social or financial protection. Since the onset of the pandemic, large corporations have put profits before workers’ safety, pushed costs down the supply chain and used their political influence to shape policy responses. COVID-19 should be the catalyst for radically reining in corporate power, restructuring business models with purpose and rewarding all those that work with profits, creating an economy for all.

    Pages
    61
    DOI
    10.21201/2020.6386
    ISBN
    978-1-78748-638-6
    URI
    http://hdl.handle.net/10546/621044
    Additional Links
    http://policy-practice.oxfam.org.uk/publications/power-profits-and-the-pandemic-from-corporate-extraction-for-the-few-to-an-econ-621044
    ae974a485f413a2113503eed53cd6c53
    10.21201/2020.6386
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