G20 Taskforce Proposes Global Inequality Panel to Address Wealth Disparity Emergency

Nov 04, 2025 07:23 am CST

A G20 taskforce led by Nobel economist Joseph Stiglitz has called for an international panel to address the "inequality emergency," revealing the richest 1% captured 41% of new wealth since 2000 while the poorest 50% gained just 1%. The proposed body would monitor inequality's causes and impacts, similar to the IPCC for climate change, as extreme wealth disparities threaten economic stability and democratic systems worldwide.