Tag Archives: Collectivism

Lords of the World

“The world’s billionaires did extremely well during the coronavirus pandemic, growing their already-huge fortunes to a record high of $10.2tn (£7.8tn),” reports yesterday’s The Guardian newspaper .

“A report by Swiss bank UBS found that billionaires increased their wealth by more than a quarter (27.5%) at the height of the crisis from April to July, just as millions of people around the world lost their jobs or were struggling to get by on government schemes.”