Posted on 11/13/2025 4:00:01 PM PST by Oldeconomybuyer
CAPE TOWN, South Africa (AP) — Hundreds of top economists and other experts, including former U.S. Treasury Secretary Janet Yellen, called on Friday for the world to set up an independent international panel on income and wealth inequality.
The call in an open letter came before the Group of 20 summit in South Africa next weekend, when a report on global inequality chaired by Nobel Prize-winning American economist Joseph Stiglitz is due to be presented to world leaders.
That report, which was released this month, said that the world is facing an inequality emergency as well as a climate emergency, leading to more political instability and conflicts, and “decreased confidence in democracy.”
Between 2000 and 2024, the richest 1% captured 41% of all new wealth created in the world, the report said. Meanwhile, one in four people globally — around 2.3 billion people — now face moderate or severe food insecurity, meaning they regularly skip meals. That number has increased by 335 million people since 2019, the report said.
The report recommended a new International Panel on Inequality to advise governments on how to address the issue in the same way the U.N.-appointed Intergovernmental Panel on Climate Change does to help develop climate policies.
(Excerpt) Read more at apnews.com ...
I just had a weird urge to clutch my wallet.
I think they meant...
“Top Marxist “economists”... “
Sure. People who identify themselves as “top” want to lecture the world about ‘equality’. There is no clueless quite like academic clueless.
How are they going to respond to The Bell Curve and handle the inequalities of IQs?
Recipe for improving equality:
Get rid of corruption and civil wars, stop whining and start working!
The title wreaks of communism.
It can’t be “independent” if the premise of the inquiry is to confirm a left-wing slogan-thesis: “income and wealth inequality”.
Yes...getting a clue is Not these “top” idiots forte.
Income redistribution is behind these bastard Marxist economists.
I knew the apartheid movement in South Africa was a cover for Russian Communism. They wanted South Africa for its military advantage after the aftermath of killings destroyed the government.
Bkmk
So many ways this is wrong, hard to know where to start.
Each participant in the event cannot be the same height or weight of any other person, thus emphasizing their inequality.
Some turd in Zimbabwe is worth trillions of dollars and all I get is a few thousand a month. Equality indeed.
Check
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