Global inequality has reached a boiling point, with experts calling it an 'emergency' threatening democracy and social stability. As G20 leaders prepare to meet in South Africa this month, a new report co-led by Nobel laureate Joseph Stiglitz demands urgent action. 💸⚖️
By the Numbers
Shocking stats reveal 1% of the world’s population grabbed 41% of new wealth since 2000 – while the poorest half got just 1%. Over 80% of countries now face 'high inequality,' making democratic decline 7x more likely. 🚨
Climate Crisis Parallel
The proposed International Panel on Inequality – modeled after the UN’s climate change body – would tackle issues from tax loopholes to land rights. "We need to treat inequality like we treat global warming," Stiglitz told reporters.
G20’s Big Test
South Africa’s President Cyril Ramaphosa called the report a "blueprint for equality," pushing the issue to the top of the G20 agenda. But with key players like the US skipping the summit, can this plan gain traction? 🤝🌐
As billionaire wealth hits record highs, 1 in 4 people now regularly skip meals. The clock is ticking: Will world leaders turn warnings into action? ⌛️
