Economists demand Trump lift Iran, Cuba, and Venezuela sanctions that are ‘feeding the COVID-19 epidemic’
A group of economists and policy experts on Wednesday called on President Donald Trump to immediately lift the United States’ crippling sanctions against Iran, Venezuela, Cuba, and other countries, warning that the economic warfare—in addition to being cruel in itself—is “feeding the coronavirus epidemic” by hampering nations’ capacity to respond.
The 500 richest people in the world, all of whom are billionaires, gained a combined $1.2 trillion in wealth in 2019, further exacerbating inequities that have not been seen since the late 1920s. That’s according to a new Bloomberg analysis published on December 27, which found that the planet’s 500 richest people saw their collective net worth soar by 25 percent to $5.9 trillion over the last year.
Perhaps the most revealing words on the topic of globalization in recent years came not from the pen of Thomas Piketty, nor were they written by Robert Reich or Joseph Stiglitz or Paul Krugman — rather, they can be found in the pages of The Lexus and the Olive Tree, written by the notorious New York Times columnist Thomas Friedman.