London Daily

Focus on the big picture.
Saturday, Aug 22, 2026

COVID-19 & your poor neighbour

COVID-19 & your poor neighbour

The pandemic is driving poverty and wealth inequality. Thirty years from today in the 2050s, a new world powered by robotics, artificial intelligence, and quantum physics will be upon us.
In that future, if a person incidentally ventures into a virtual library, looks for a digital history book on the 2020s, the reader will surely come upon a narrative, ‘’ THE GREAT PANDEMIC.’’

The story may describe how people around the world gave a heartwarming welcome to the year 2020. People celebrated the incoming year at squares, parties, and cathedrals, in New York, London, Lagos, Cape Town, Sydney, and Tokyo. 2020 arrived peaceably and joyfully on January 1 in most countries.

However, on that January 1st early morn an uninvited and invisible guest tightly stuck to the New Year. This was a highly contagious, toxic, and dangerous parasite: a deadly virus. It clung to its hosts unwilling to leave. The name given to the virus was COVID- 19.

The virus brought on respiratory infections and physical anomalies in humans. It was transferred to humans from animals. The virus killed millions and infected many more millions.

COVID-19 eventually and negatively impacted the world economy, driving it down to the tune of trillions and trillions of dollars

Now, inequality between rich and poor, powerful and vulnerable, and the people stuck in between, has existed for millennia.

That wealth inequality is overt in a society such as these Virgin Islands. The spectrum ranges from the likes of the super-wealthy like Sir Richard Branson, Henri Jarecki, and Larry Page, who live invisibly on these islands; to the poor who live hand to mouth, on handouts from charity, family, and friends.

The world went into lockdown in March 2020 when it was clear that shutting down society was the one sure way of controlling the spread of the contagion. That shutdown was complete in most places, eerily turning great cities of the world into ‘ghost towns.’

The lockdown period changed the lives of millions. The better-off were able to spend time with family. These did not feel the pinch of lost income.

People, especially workers in travel and tourism, a mainstay for employment in the BVI and elsewhere lost jobs and livelihoods. They were unable to earn the accustomed income.

It was certainly not well for the poor and unemployed who lost income, jobs, and homes, and faced a brutal setback.

Lockdown forced residents to stay at home. Businesses went under and shut for good.

The people at the top of the wealth pyramid were unscathed. In fact, by some cruel trick, billionaires and stockholders in technology became wealthier as the world became a virtual marketplace as a result of COVID.

Towards the bottom of the pyramid, the adversity and suffering increased greatly.

Migrant workers, daily wage earners, waitresses, barmen, small businessmen and women, cleaners, taxi drivers, and so on and so forth, were severely impacted. These workers were driven into poverty and great suffering.

The people at the middle of the pyramid, for example, government workers, and middle managers in private firms, were affected, but not as drastically as those at the bottom of the pyramid.

OK. The world of pandemic recession will get worse, sadly.

Employment is a lagging indicator of economic recovery. So when the world begins to recover, probably in early 2022, after a vaccine for COVID is widely available, only then will investor and business confidence return.

Consumer confidence appears after investor and business confidence increases. When people start to spend- aggregate demand increases- then shut businesses will reopen, and managers and business owners will begin to invest in equipment and stock and hire workers again.

The world economy will resume normality and growth. When that will happen? Only God knows.

Connect with Dickson Igwe on Facebook and Twitter
Newsletter

Related Articles

0:00
0:00
Close
The rise and fall of Hui Ka Yan, China’s richest man
Woke: Britain Considers Plain Packaging for Cigars as Specialist Shops Warn of Industry Collapse
Britain's Public-Service Productivity Remains Below 2019 as £80 Billion Output Gap Fuels WFH Debate
Mandelson Epstein Case in Jeopardy as U.S. Files Stay Out of Reach
Prince Harry and Six Others Ordered to Pay £9.5 Million After High Court Defeat
Bank of England Holds Interest Rate at 3.75% as Inflation and Energy Risks Persist
UK AI Security Tests Find Autonomous Agent Attempting Malicious Code Injection
UK Economy Grows 0.4% in Second Quarter Amid Global Pressures
UK Joins European Allies in Condemning Israeli Settlement Plans in West Bank E1 Area
Multiple People Killed in A66 Collision Near Middlesbrough Involving Police Vehicle
UK Government Holds First National Day for Victims and Survivors of Terrorism
UK Met Office Warns of Severe Autumn Storms as Strong El Niño Follows Historic Drought
Petrol Bombs Set Luxury Cars Alight Outside Birmingham Wedding as Police Hunt Three Men
Bitcoin Surges Toward $80,000 as Short Squeeze and ETF Inflows Ignite Crypto Rally
Prince Harry and Co-Claimants Ordered to Pay £9.5 Million Toward Daily Mail Publisher’s Legal Costs
Prince Harry and Meghan Markle Reportedly Plan Return to Britain With Their Children
UK Court Ruling Threatens Deportation Plans for Potential Trafficking Victims to Albania
Kemi Badenoch Presses UK Government for Decisions on Rosebank and Jackdaw Oil Fields
UK Foreign Affairs Committee Chair Calls for Ban on Goods from Occupied West Bank
Andy Burnham Government to Place Civil Servants Directly in English Mayoral Offices
Met Office Warns Major El Niño Could Bring Stormier, Wetter Autumn to UK
UK Economy Gains Unexpected Momentum Ahead of Andy Burnham Government’s First Budget
Twenty-Nine US States Take Meta to Trial Over Alleged Child Addiction on Instagram and Facebook
Former Scottish National Party Executive Peter Murrell Jailed for Five Years Over £400,000 Embezzlement
Moderna and Merck's Personalized Cancer Vaccine Succeeds in Historic Late-Stage Melanoma Trial
Prince Harry and Meghan to Move Back to Britain With Their Children
England and Wales Have Fewer Than 1,800 Prison Places Left for Men
Royal Navy to Accelerate DragonFire Laser Deployment Against Growing Drone Threat
Northern Ireland Approves Five Hundred Million Pound Belfast Harbour Expansion
Great British Railways Takes Full Control of Avanti West Coast as Rail Nationalisation Reaches Final Stage
UK AI Safety Institute Calls for Mandatory Security Audits of Advanced AI Models
Scotland Secures Three Billion Pounds for Floating Offshore Wind Hub in Aberdeen
Government Overrides Local Councils to Approve Green Belt Housing Across Southern England
UK and EU Move Toward Mutual Recognition of Food Standards to Ease Cross-Channel Trade
Government Plans Multibillion-Pound Private Healthcare Expansion to Cut NHS Surgical Backlogs
Bank of England Signals Faster Rate Cuts as Inflation Falls Below the Two Percent Target
Suspected People Smuggler Arrested After Investigation Identified Him
Children's Doctors Warn That Vaping Can Lead Young People to Smoking
Hundreds of Thousands of Students Receive GCSE and Vocational Results Across England, Wales and Northern Ireland
Here Is What Can Never Happen in Your Country: Taiwan Is Giving Money to All Its People Because It Collected Too Much Tax
UK Inflation Rises to 2.9% as Energy Bills Jump
UK Issues New Conduct Guide for Asylum Seekers on Consent and Respect
Moderna Shares Surge After Positive Personalized Skin Cancer Trial Results
UK Markets Watch US National Debt Surpass Forty Trillion Dollars
UK Broadcasters Urge Government to Invest in Digital Participation and Broadband
CVC Capital Partners and Standard Life Launch Two Billion Pound Pension Risk Transfer Venture
UK Private Sector Productivity Growth Accelerates in Second Quarter
UK Foreign Secretary Ed Miliband Condemns Israeli E1 Settlement Tender
UK Watchdog Investigates Trainline, Virgin Atlantic and RED Driving School Over Hidden Fees
Prince Harry and Meghan Markle Plan Move to Private Home Outside London
×