Abstract
Rich and powerful people have built a new system in which only risk is common, and profit is exclusively theirs. Neoliberalism is an ideology that is realized in the interest of the rich and powerful. They have enormous financial (and not only financial) power by which they shape the political, media and (quasi) scientific space in order to conduct economic policy and publicly promote the values that suit them. That is why in recent years we have mostly heard that the problem has arisen because people do not live in accordance with the real possibilities and that we must continue to tighten our belts and rationalize our jobs (translated from Orwell's new speech: further dismissals of employees). Much less is said about the problem of inequality, i.e. uneven and unjust distribution and concentration of wealth, and that a solution should be sought there. The latest economic crisis caused by COVID / 19 has shown that not everyone is equally affected by the crisis: the rich have become even richer and the poor have become even poorer. This paper will discuss the unequal consequences caused by the latest pandemic crisis.
Highlights
The COVID-19 pandemic has introduced an unprecedented amount of uncertainty into the global economy as countries around the world battle growing troubles, implement broad social distancing
While workers around the world lost their jobs and incomes during the COVID-19 pandemic, the total wealth of the ten richest people increased by 540 billion dollars, so that it amounts to 11.95 trillion
For people who lived hard before COVID-19, it is quite certain that the recovery will be difficult and long
Summary
The COVID-19 pandemic has introduced an unprecedented amount of uncertainty into the global economy as countries around the world battle growing troubles, implement broad social distancing. In the first package of measures to help the economy in the middle, in 2020, there were several different types of support When it comes to tax policy, deferral of taxes and contributions for employees and advance payment of income tax for 2020 are defined. After the first three months (April, May and June), the state extended this type of support for another two months, when companies were paid 60% of the minimum for each employee These payments were made from funds that Serbia borrowed from foreign investors. After three packages of aid to the economy, which cost the budget a little more than eight billion euros, Serbia is approaching the limit of public debt of 60%.
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