Beautiful Virgin Islands

Saturday, Mar 14, 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

Beautiful Virgin Islands
0:00
0:00
Close
Middle East War Highlights Strategic Importance of Strong UK–Ireland Cooperation
Weak Growth Signals UK Economy Was Faltering Even Before Middle East Energy Shock
Marks & Spencer Tops UK Fashion Retail Rankings as Most Considered Brand
United States Launches Trade Investigation Into Allies Over Forced Labour Practices
United States Launches Trade Investigation Into Allies Over Forced Labour Practices
Russia Accuses Britain Over Storm Shadow Strike as London Reaffirms Ukraine’s Right to Self-Defence
Russia Accuses Britain Over Storm Shadow Strike as London Reaffirms Ukraine’s Right to Self-Defence
Royal Navy to Acquire Twenty Uncrewed Surface Vessels for Autonomous Warfare Testing
Russia Summons British and French Envoys After Ukrainian Storm Shadow Strike on Strategic Facility
Starmer Confirms Britain Will Maintain Sanctions on Russia Despite U.S. Policy Shift
UK Moves to Refine AI Definition in Investment Security Reform
UK Economy Stalls in January as Growth Unexpectedly Falls to Zero
Asian Energy Security Tested as Strait of Hormuz Disruption Threatens Oil Supplies
Iran Sets Three Conditions for Ending Regional War as Diplomatic Efforts Intensify
Tesla Secures Approval to Supply Electricity Directly to Homes Across Britain
Prince William Delivers Tribute to Australia’s Naval Alliance Amid Renewed Royal Spotlight on the Country
UK Foreign Secretary Travels to Saudi Arabia to Reinforce Support for Regional Allies
Putin’s ‘Hidden Hand’ May Be Assisting Iran in Conflict With Trump, UK Defence Secretary Warns
UK Sets April Deadline for Tech Platforms to Strengthen Online Protections for Children
Elon Musk Moves Into Britain’s Energy Market as Tesla Wins Licence to Supply Power
UK Watchdog Warns Fuel Retailers Against Profiteering Amid Iran War Price Surge
Report Claims Iran Used UK Charity Network to Expand Influence
United States and United Kingdom Establish Joint Standards for Counter-Drone Technology
Iran May Be Laying Naval Mines in Strait of Hormuz, UK Warns Amid Escalating Gulf Tensions
US Deploys Bunker-Buster Bombs to UK Airbase as Iran Conflict Intensifies
British Troops in Iraq Intercept Iranian Drones Targeting Coalition Base
Release of Mandelson Files Raises Tensions as UK Seeks Stable Relations With Donald Trump
UK Documents Reveal Starmer Was Warned About Mandelson’s Epstein Links Before Ambassador Appointment
Nearly Five Hundred UK Mortgage Deals Withdrawn in Two Days as Market Volatility Forces Lenders to Reprice
Three Cargo Ships Hit Near Iran as Attacks Spread to Strategic Strait of Hormuz
Why British Police Repeatedly Declined to Investigate Jeffrey Epstein’s UK Links
UK Parliament Ends Hereditary Seats in House of Lords, Closing Chapter on Centuries of Aristocratic Lawmaking
EU and UK Urge Israel to Act Against Rising West Bank Settler Violence Amid Regional Tensions
US Senator John Kennedy Says Keir Starmer Should Not Be Trusted for Military Advice Amid Iran War Debate
UK High Court Rejects Attempt to Revive Terrorism Charge Against Kneecap Rapper
Revolut Secures Full UK Banking Licence After Multi-Year Regulatory Wait
Kentucky’s Bench Boost Powers Wildcats Past LSU in SEC Tournament Opener
British Couple Die After Being Pulled From Water at Australian Beach During Family Visit
British Airways Suspends UK Repatriation Flights as Middle East Travel Disruption Deepens
US Forces Prepare Ordnance at RAF Fairford as Strategic Bombers Deploy for Middle East Operations
Nigel Farage Faces Criticism After Saying Britain Should Stay Out of Iran War
Landmark UK Trial Begins Over Sony’s PlayStation Store Pricing
UK High Court Rejects Bid to Challenge Britain’s Chagos Islands Agreement With Mauritius
Finnish Duo Triumphs in England’s Annual Wife-Carrying Race, Winning a Barrel of Ale
How U.S. and UK National Security Strategies Are Reshaping the Global Business Landscape
Green Party Gains Momentum as Labour Shifts Toward the Political Centre
Royal Navy Destroyer HMS Dragon Sets Sail for Eastern Mediterranean as Regional Tensions Rise
UK Homebuilder Persimmon Warns Iran Conflict Could Dent Property Buyer Confidence
Roman Abramovich Signals Legal Fight if UK Seeks to Seize Chelsea Sale Funds
UK Ready to Back Emergency Oil Reserve Release as Middle East Conflict Pushes Prices Higher
×