{"id":18169,"date":"2021-01-26T21:19:38","date_gmt":"2021-01-26T21:19:38","guid":{"rendered":"https:\/\/asiapacificreport.nz\/?p=54106"},"modified":"2021-01-26T21:19:38","modified_gmt":"2021-01-26T21:19:38","slug":"we-are-the-1-the-wealth-of-many-australians-puts-them-in-an-elite-club-wrecking-the-planet","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2021\/01\/26\/we-are-the-1-the-wealth-of-many-australians-puts-them-in-an-elite-club-wrecking-the-planet\/","title":{"rendered":"We are the 1% \u2013 the wealth of many Australians puts them in an elite club wrecking the planet"},"content":{"rendered":"

ANALYSIS:<\/strong> By Alex Baumann<\/a>, Western Sydney University<\/a> and Samuel Alexander<\/a>, University of Melbourne<\/a><\/em><\/p>\n

Among the many hard truths exposed by covid-19 is the huge disparity between the world\u2019s rich and poor. As economies went into freefall, the world\u2019s billionaires increased<\/a> their already huge fortunes by 27.5 percent.<\/p>\n

And as many ordinary people lost their jobs and fell into poverty, The Guardian<\/em> reported \u201cthe 1 percent are coping\u201d by taking private jets<\/a> to their luxury retreats.<\/p>\n

Such perverse affluence further fuelled criticism of the so-called 1 percent, which has long been the standard rhetoric of the political Left<\/a>.<\/p>\n