Can widening income inequality ever be bridged?

The wealth of the world’s billionaires has reached record highs at the peak of the coronavirus pandemic.

A new report by Swiss bank UBS says the richest elite have done “extremely well” during the crisis.

Meanwhile, millions of people are losing their jobs or struggling to cope.

Another report by the World Bank expects extreme poverty to rise this year for the first time in more than 20 years.

Up to 115 million people could be pushed into that category, living on less than $2 a day. The stark findings come amid rising concerns the coronavirus crisis is going to deepen yawning income inequalities.

So, could this disparity fuel more public anger?

Presenter: Hashem Ahelbarra.

Guests:

Thomas Pogge – professor of philosophy at Yale University and the author of Global Tax Fairness and World Poverty and Human Rights.

Lord Meghnad Desai – economist and member of the UK House of Lords. Author of Marx’s Revenge: The Resurgence of Capitalism and the Death of Statist Socialism.

Edwin Ikhuoria – Africa’s executive director at the ONE advocacy campaign.