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Talks towards international panel to tackle 'inequality emergency' begin at UN
The panel aims to address a global inequality crisis where the richest 1% captured 41% of new wealth from 2000 to 2024, threatening democracy and economic progress.
- On Monday, talks to create an International Panel on Inequality opened in Geneva, with the founding committee convening at the United Nations' European headquarters to begin designing the IPI.
- Joseph Stiglitz's G20 report recommended an IPCC-style body to address an 'inequality emergency' undermining democracy and economic progress, modeling the approach on the Intergovernmental Panel on Climate Change.
- The founding committee includes representatives from Brazil, Norway, South Africa and Spain alongside UN agencies, civil society and academic experts tasked with defining the IPI's mission, governance and operational framework.
- Observers said the panel is aimed to be created by the end of the year, with Stiglitz arguing the IPI must provide scientific evidence and understanding similar to the IPCC's role on climate.
- Stiglitz warned, "We have an inequality crisis. I think everybody recognises that", while South African President Cyril Ramaphosa called inequality "a betrayal of people's dignity" and pledged to bring the IPI motion to the UN General Assembly.
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Total News Sources17
Leaning Left2Leaning Right2Center3Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 29%
C 43%
R 28%
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