Power, Profits and the Pandemic: from Corporate Extraction for the Few to An Economy that Works for All

60 Pages Posted: 9 Feb 2022

See all articles by Uwe Gneiting

Uwe Gneiting

Independent

Nicholas Lusiani

Roosevelt Institute

Irit Tamir

Oxfam International

Date Written: November 3, 2021

Abstract

The worsening inequality crisis triggered by COVID-19 is fueled 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.

Keywords: inequality, COVID

Suggested Citation

Gneiting, Uwe and Lusiani, Nicholas and Tamir, Irit, Power, Profits and the Pandemic: from Corporate Extraction for the Few to An Economy that Works for All (November 3, 2021). Available at SSRN: https://ssrn.com/abstract=3956244 or http://dx.doi.org/10.2139/ssrn.3956244

Uwe Gneiting

Independent

Nicholas Lusiani (Contact Author)

Roosevelt Institute ( email )

570 Lexington Ave.
5th Floor
New York, NY 10022
United States

Irit Tamir

Oxfam International ( email )

Washington, DC 20036
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
438
Abstract Views
1,139
Rank
126,997
PlumX Metrics