339 thousands with a big stink creases were from india the United States and brazil and cases are surging across much of europe especially in germany italy the u. K. And france. Donald trump says he will not participate in the 2nd u. S. President ial debate if its held for chile thats after the Debate Commission announced it would be moved online trumps team say the debate should be delayed so that it can be held in person or oct 22nd President Trump is still recovering from his Coronavirus Infection his challenger joe bidens team is accused of trying to dodge questions over cope with 19 and the economy. Pro Armenian Forces say 30 more soldiers have been killed in the battle for Nagorno Karabakh facing with Azerbaijani Forces broke out 12 days ago turkeys president has criticised International Efforts to solve the conflicts and reiterated his supports for as a point john. Tens of thousands of students and workers have fought with white police in the indonesian capital jakarta theyre protesting against a new law which critics say will hurt labor rights and the environment and 6 people have been charged with trying to kidnap the governor of the u. S. State of michigan the f. B. I. Save the men were planning to kidnap Gretchen Whitmer at her holiday home going to buy explosives and try to make improvised bones was praised criticized for her strong response to the coronavirus pandemic and the american poets louise cookouts won the 2020 nobel prize for that feature shes the 16th woman to win the prestigious award in the chair since they were launched more than a century ago and thats year to date stay with us on aljazeera inside story is next. Despite the pandemic billionaires have never been a virtue that says millions are being pushed into extreme poverty with income inequality a widening of the big bridge and could this dispositive fueled war public anger this is inside story. Well welcome to the program. The wealth of the worlds billionaires has reached record highs of the peak of the coronavirus been demick a new report by swiss bank u. B. S. Says the elites have done extremely well during the crisis thats 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 1st time in more than 2 decades up to a 115000000 people could be pushed into that category living on less than 2. 00 a day the stark findings come amid rising concerns the Coronavirus Crisis is only going to deepen your ning income inequalities lets have a look at some of the conclusions billionaires have mostly benefited from the generally Strong Performance of Global Stock Markets since late march their wealth jumped by more than a quarter from april to july hitting more than 10 trillion dollars industrialists elevators in technology and health care are the biggest winners chinas billionaires have increased their wealth by the largest percentage in the past 11 years but the biggest accumulation of wealth with mainz in the u. S. On the other hand of this cave coronavirus is expected to push up to 150000000 people into extreme poverty by next year the poverty of great was expected to drop before the pandemic but this year its expected to affect almost 10 percent of the worlds population about 8 in 10 of those who will be pushed into that category live in what the world bank calls middle Income Countries such as brazil indonesia and south africa the bank has raised more than 160000000000. 00 to help countries manage the Health Economic and social problems caused by the pandemic the Economic Impact of the pandemic has led to protests in several parts of the world people have defied regulations and taken to the streets against policies they say discriminate against the poor. The demonstrations were mainly in hard hit countries in Europe Latin America and africa tens of thousands of South African workers took part in nationwide and to government protest on wednesday they are ungers by missing funds from a grown up virus relief package that was meant to help those who have lost their jobs and get protective equipment for 4th line workers. Lets bring in our guests in london meghna decide economist and member of the u. K. House of lords author of masters revenge the resurgence of capitalism and the death of statist socialism in new york thomas pogge a professor of philosophy of the l. University is also author of global tax fairness and ruled world poverty and human vice also in london edwin a curiae africa executive director of the one Advocacy Campaign walk into the program more decide we have millions and millions of people pushed into extreme poverty of this particular. Moment what do you think who do you think should we blame 1st about this situation. Well you know one of the things about the person to a crisis the career but the mic is that it is really unique in the sense that both supply and demand and simultaneously really have gerlach your 400 supplies down factory what im doing and people dont have power we give people practice power and forget to restart my duties because proximity of workers leads to infection so far during the short months because of lack of demand and because of infection and that makes people are employed and they cant work in unusual situation and government coping with it in there were right to arrange they can cope but mainly by pumping money into the system left right and center theyre giving money to companies are going money to unemployed workers and hoping that somehow it all miranshah up and cause everyone will all production but the quote we occurring again and again im sorry to sound great and destroy the nature of the transmission well we have a lot of downs and also to thing which internal production are interpretable exact that so we have actually a good and usually economic alliances in which governments are pouring out money somebody is getting the money but the moneys probably learned redeemed in the right path where the need is lost and so we get the rich getting richer and the poor staying exactly tell us that we see this 2 reports coming from you the ass and from the wealth bank depicted to different realities about a well where the best of the coming but chad where the poor are paying a heavy price and the reports suggest that its covered 19 is Climate Change and its context knowsley to blame for the situation should we take those things for granted as the main culprit the sort of us. No i dont think you should take them for granted i think one underlying structural reason that has been there for a long time is the way in which the ground rules of the World Economy are designed these will systematically benefit the rich or people because they can take a lot of influence on these tools they can influence governments for example in regard to intellectual Property Rights which were globalized in the trips agreement part of the founding document as the deputy oh and also within the domestic scene you see that the rules of for example the tech system rules of regulations on corporations corporate taxation. The. Text treaties between Different Countries all these things systematically changed in favor of the rich because they can exert a much greater into hands on these political positions than the poor can so we have in that kind of spiral downward spiral where the rich use their money to exert political influence which in turn. Means to shifts the rules in their favor which in turn makes them even richer and even more able to shift the rules in their own favor which of course means against the poor and when nigeria stands a stock example its an extremely wealthy nation but according to all the reports it stands as a nation that has before poorly in terms of reducing inequality whys that. I think a colleague to just talk about it now give the right the nail on the head the 1st is that talk about the history of how we have niger has come to be from the quality of colonial history where power is concentrated in the hands of a few people elites who are close to the colonial masters and then that passed on for generations on to the point where the military took over you know again keeping power in the hands of the top military brass and then for many years over 40 years disco went on and then you saw that decisions were made to concentrate power even for among the people who already had access to power and concerned of wealth among their own beneficiaries among their own. People within their own circles so what youve seen particularly in nigeria is that though it is rich in terms of the resource what a resource is constant concentrated in the hands of a few people in the sectors that really benefit the most people i Greek Culture you know is still very very poor productivities it at the lowest level and as such what you see is that once the access to this rents to the wealth from oil for instance you know it appropriated to a few who are in power that just continues to multiply and so the gaps continue to increase and those who really work on the farm every day of trade in those ones still at the bottom of the wrong struggle every day to try to get out of poverty so is the stack reality or a way out gives power and power gives us lower design i mean the reports talking about social and economic disparities the have been soaring in particularly 3 countries back soko argentina and brazil where those country countries were known in the past for somehow managing to control. The inequality gap should wait should we should we infer by this that. The moment you change a political system thats where uncertainty thoughts. No i dont think political system so that is you can. Only hope the remember that iran was a remarkable practice here is that. In developed countries in the rich countries not markets are recovered faster than the economy has because in Central Banks are pouring money out and out that makes it easier for people to buy. Into what i think basically say if youre into india or brazil. Ns of democracy. How does it actually came into of the elite power system that while all of the government may do something for the lower middle classes and give them a little bit extra their Education System so i wouldnt rule them off. And while the world emits instruments connected with events with globalization and that hurts the rest of the people and wont governments relented or get elected i mean that brazil had an amazing left during our government for 410 years 15 years i mean all 4 but you know it was going to look after the foreigner people of the foreigners of all. But somehow its a very difficult to make a substantial to change in our political system. We dont overbook have revolutions you have to have a religion they dont all require i think we need to know something about how to change can be brought to be to be permanent and i think brazil bridges was a very very prosperous country a little under the weight of the church like argentina under the lived by having bad politics better other countries like that and its a huge sea for example that south asia india again and again we think its going to get out of poverty is going to get out of a problem i think again its the old back so in india you do need a pandemic Something Like 200000000 workers were discovered to be Migrant Workers who had to go back to where they came from because it couldnt couldnt work rather well where they had migrated to opt out and so it was a very pathetic sight of 200000000 people in the public roads so we need to know much more about how to insert order to can change we. Professor thomas with covered 19 the g. D. P. Globally is expected to contract by Something Like 8 percent and then i concerns that that could further deepen if theres no vaccine by 2021 have been an advocate of the Health Impact fund to stimulate research and development for lifesaving pharmaceuticals to reduce the burden of disease do you think that this could be the moment to trigger the issue once again yeah i hope it will be the moment i mean we have very productive conversations now with politicians and the Decision Makers in several territories also people at foundations in order to try to jumpstart the Health Impact fund yet and one thing that i think is particularly now on peoples minds that this we have to fight diseases at 2 Different Levels and you have to fight them at the patient level where we helped individual patients get healthy and we have to fight them at the population bever where we try to shrink the incidence of the disease the 2nd is not at all its send a biased under the present rules under the present rules if you have a patent monopoly then of course you dont want the disease to be eradicated ringback because you make your money on selling the drug to people who are sick and if there are no longer any people who are sick then you have just ruined your market. So pharmaceutical companies are not incentivized to look for cures or remedies there to be rational these and you medicate they have them and fund does exactly that it pays for performance it pays for the retraction in disease and so you win the jackpot if you manage to eradicate the disease because that way you have the greatest Health Impact so if we had Something Like the Health Impact fund pharmaceutical companies would be differently incentivized they would look for different innovations and they would also roll out their innovations broadly including the poor so that even the get rid of that is ease and dont maintain the poor as a continuing breeding ground where new diseases and new disease strains ok am constantly evolve and then possibly invade even the rich countries as when we look at africa now the the the world bank is saying that it wont be possible to me the benchmarks of 2030 when it comes to the reduction of. Of extreme poverty and because it was widely seen as the platform that could further boost the economy in the continent now were talking about severe cycles of drought instability of violence and disease in the continent its just projects an image of a cunt inveighs absolutely likely to suffer in the decades to come. So i would say that the progress that weve made in the past 25 years in terms of the number of people who have left the poverty bracket in terms of the opportunities that open dog for instance you know d 10 of the Fastest Growing economies in the war 7 of which are in africa all of this the story of africa rising that century of africa this is the African Century all of those positive stories you know what weve seen recently is that with all of the there was a perfect storm of the could be 1000 off of Climate Change impacts like flawed and droughts you know and even disease you know. You know locusts infestation you know that came together particularly the sea to kind of wipe out you know all of almost all of the program that have been made that the lockdown almost all african countries look down doing this by demi and that its just you know you know reduced all the opportunities of growth that that was constantly being you know touted and so yeah the report basically indicates that with this Current Situation as it is right now it is really really you know difficult to meet the target of you know eradicating poverty by 2031 again we need to know that the resilience of the African People has always shown not the level of coordination from the African Union and the level of leadership of collectivism that have not been seen on the african continent has not been seen elsewhere in the world you know in terms of the way they react in the responding to could be ignited and the business was still give up that in d the nearest future we can get back on track to recovery and maybe the figures may not be as already touted magnet if you look at the other picture you have those who are making a lot of money and you have those who are suffering now when you look at this particular picture one would ask the question which is very legitimate one could the unsubtle this problem be to reinvent the top Income Tax Base world wide or in another way impose aggressive taxes on the wealthiest of the world. You know its seems very easy that yes you can put a very big tax on the wealthy but the wealthy alone stupid are what we discovered in the in the. For the last British Election for the liberal party were preparing for its toughest program but if you were to remove a 1000 concession maint in the tax code for the rich not a good thing but just stop all the concessions to the rich have got them slowly returning that would make a lot of difference what the rich do review including the banks or find different made them to funny income to person in a sense the dream to be had there are no progress in taxation is going to redistribute income because no income it is world it is staged it is also to others many rather defining income its easy to attack salary people but anyway else chemical its give all right you raised so i think we have for example in the u. K. Im a im a house over my house and dont be taxed at its current price but its price and reserve board is from 15 years ago in the mean time the prices tripled but nobodys taxing over those Capital Gains tax under Us Government and so i have no so we mean you were born in parks the rich. We have to be really clear about it is not a symbol of dancing or good tax rate up or down by and large progressive taxation word until about 1900 b. C. And after the out people who already run 3 different skipping types who are buying equity. We need who are global thinking for a couple actually will be corporations amazon will want we need a global approach. And that is difficult to. Do your opinion but being so its ok we need to be part. Of other angles to cover Thomas Building assess for the working families and granting them access to low Cost Financial Services and Home Ownership is this possible when you have an inborn is the having going on for decades in the liberal financial architecture that has been dominating the political landscape. Yes i think this is definitely possible d b. Have technologies now that make finance highly accessible to individuals for example there is a very successful micro Insurance Program where you insure poor families against risks of for example a bad harvest horror Health Problems or is sudden funeral or Something Like that and that saves them from sometimes catastrophic expenses that can put a family in poverty for years and decades so this kind of access to Financial MarketsFinancial Security is quite valuable d also for example that you can transfer money directly to people cost free into their cell phones and they can then use the cell phone to pay for things this is one thing that now in the cult that pandemic is actually very very is to be able to do to send people money direct to eat without any further credit intervention that they can immediately spend in their own area and thereby escape the dire need that comes from for example losing their their job their income their access to the market as Something Like that ok so i think its this is a very promising way forward edwin increasing minimum wage was one of the commendations of many were the night including the world bank as a way forward to to improve the Living Standards of many millions people particularly in africa do you think that would still be possible against the backdrop of the economic and financial problems and cove in 1000. The question is that how can you increase minimum wage when you dont even have money to pay digs in salary so those current now that is a demand that is the reality that is what should happen but a fiscally quiddity situation off of african countries just makes it impossible and thats one of the reasons why it is something that weve been shouting for we need right fiscal interaction and but again i just said o 2 to end that i please is socially vestment investment in social welfare programs might be one way you know to korb the difference of the gaps between the reach of the minute weve heard many many times about the social Development Goals as perhaps the best way to defeat inequality and poverty when it comes to that particular fish and where do you think we should start investing in education. You know im just thinking oh i know you are talking but you know were all groups of hearing people in cut or no or education we never think go green room and straight out right into you know a little brain think income we really want to give people bonds or Something Like that in every every every poor family bureaus certainly dont ever want to just get its so many of our dollars worth of government bonds not only like that you know we have to your people and little bit of wants to start a community more work there is really giving them i mean believing in move but. Hes got but eventually the roots goodridge because he already started rich broadridge because you have assets who are who were asked to be made at the mean brewery. Will be hoping for another come fall in rich we can call shoes comparison some and give a degree i think to get over but think of a line scream like that ok i think me just. Begin to. Ask only poor people german unfortunately we have to leave it there but we would like to see a well oiled well the decision is swiftly made so that the trend is reversed a lot make not decide to musburger and edwin aquaria thank you very much indeed for your insight i really appreciate your presence i thank you to for watching you can see the program again it is any time by visiting our website aljazeera dot com for further discussion go to our Facebook Page thats facebook dot com for was last a. J. Incised boy you can also join the conversation on twitter and there is as a. J. Inside story from me and the whole team here in doha life in a. Really not Global Community we are i think this conversation elbow thats how crazy is that what response that looks like be part of the debate if youre nietzsche if you can jump into the conversation right away when no topic is off the table youre not afraid of anyone taking were just going. To listen to what you says the rich are getting richer and the poor getting poorer its not to destroy the system its just to look at the system and. This tree own out is there. Keeping law and order is a primary function of any state. On protecting the people became Police Brutality a domestic incident became a global lock. In a country torn apart by racial inequality. Can americans find a leader to unite them. Follow the key issues of a us elections. On aljazeera cyprus a european island open offering citizenship to those who can afford it in august of 0 made global headlines with the cyprus papers confidential documents that reveal a murky pos bored by Investment Scheme promised before. The start this is. Now aljazeera as Investigative Unit goes undercover to expose further revelations that go to the heart of the cypriot state ill just 0 investigations the cyprus papers on the cover. 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