To tackle stark global inequalities, an ‘Extraordinary Committee of Independent Experts’ formed by the South African president ahead of the G-20 summit has proposed the establishment of an international panel on inequality, modelled on the Inter-Governmental Panel on Climate Change.
The committee highlights how inequality, particularly in extremes, has negative economic, political, and societal outcomes that interact and exacerbate adverse effects. High wealth inequality undermines both democracy and economic progress. “One in four people worldwide”, it notes, “now regularly skip meals, while billionaires’ wealth has now hit the highest level in history”.
Recent advances in technology, particularly digitalisation and artificial intelligence, have the potential to increase inequalities within and betwe
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