Can Crypto Become the Equalizer?

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Today I bring you the new Oxfam Inequality Report, 2020.
Something that gives me endless uneasy nights!

Question is; What can Crypto do about this???

"World’s billionaires have more wealth than 4.6 billion people"

“Oxfam’s report, ‘Time to Care’, shows how our sexist economies are fuelling the inequality crisis —enabling a wealthy elite to accumulate vast fortunes at the expense of ordinary people and particularly poor women and girls:”

• “The 22 richest men in the world have more wealth than all the women in Africa.
• Women and girls put in 12.5 billion hours of unpaid care work each and every day —a contribution to the global economy of at least $10.8 trillion a year, more than three times the size of the global tech industry.
• Getting the richest one percent to pay just 0.5 percent extra tax on their wealth over the next 10 years would equal the investment needed to create 117 million jobs in sectors such as elderly and childcare, education and health”.

“Women and girls are among those who benefit least from today’s economic system. They spend billions of hours cooking, cleaning and caring for children and the elderly. Unpaid care work is the ‘hidden engine’ that keeps the wheels of our economies, businesses and societies moving. It is driven by women who often have little time to get an education, earn a decent living or have a say in how our societies are run, and who are therefore trapped at the bottom of the economy”.
“Women do more than three-quarters of all unpaid care work. They often have to work reduced hours or drop out of the workforce because of their care workload. Across the globe, 42 percent of women of working age cannot get jobs because they are responsible for all the caregiving, compared to just six percent of men”.

"Women also make up two-thirds of the paid ‘care workforce’. Jobs such as nursery workers, domestic workers, and care assistants are often poorly paid, provide scant benefits, impose irregular hours, and can take a physical and emotional toll.
The pressure on careers, both unpaid and paid, is set to grow in the coming decade as the global population grows and age. An estimated 2.3 billion people will be in need of care by 2030 —an increase of 200 million since 2015. Climate change could worsen the looming global care crisis —by 2025, up to 2.4 billion people will live in areas without enough water, and women and girls will have to walk even longer distances to fetch it".

"At the same time, governments are underfunding vital public services and infrastructure that could help reduce women and girls’ workload. For example, investments in water and sanitation, electricity, childcare, healthcare could free up women’s time and improve their quality of life. For example, providing access to an improved water source could save women in parts of Zimbabwe up to four hours of work a day, or two months a year".

“Governments created the inequality crisis —they must act now to end it. They must ensure corporations and wealthy individuals pay their fair share of tax and increase investment in public services and infrastructure. They must pass laws to tackle the huge amount of care work done by women and girls, and ensure that people who do some of the most important jobs in our society —caring for our parents, our children and the most vulnerable— are paid a living wage. Governments must prioritize care as being as important as all other sectors in order to build more human economies that work for everyone, not just a fortunate few”.
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Oh yes, education is the key and a top priority, but the content and curriculum of education is also of paramount importance. Once a person is educated then what? South Africa has the highest number of un-employed people in the world. Venezuela is not in a much better situation and most of the developing countries face huge struggles.

"The growing gap between rich and poor is undermining the fight against poverty, damaging our economies and tearing our societies apart.
Yet inequality is not inevitable – it is a political choice.
Governments around the world must act now to build a new, human economy that values what truly matters to society, rather than fueling an endless pursuit of profit. An economy that values the care work of women and girls instead of billionaires' wealth. An economy that works for everyone, not just a fortunate few".
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Oxfam is focusing on the governments across the world in an attempt to get them to come to the table, but what can ordinary citizens, you and I do about this sad situation that is sure to become a universal time bomb?

Yes, at Papillon we do our little bit, but it's a drop in the bucket and my feeling is that Crypto can level the playing fields, once we somehow can get the masses to adopt crypto.

We have posted this report in the hope that it can sow a seed that will grow into a forest!

Your insights about this will be gratefully appreciated, as it will certainly become a problem that will affect all of us.

Note; All photos, except the first one, are mine about places where Papillon works and the parts in inverted commas ("") were duly cited by their sources.

I wonder how many would read this???

Just some of the many that might have ideas about how crypto could become involved in restoring equality.

@horpey @goodkarma @theyeti @stacied @theycallmedan @jaynie @acidyo @scrooger @pennsif

Thank you for visiting a blog by @papilloncharity.

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